Economic Recovery Expected to Gain Strength in 2014
Posted at 7:07 a.m. on Dec. 16, 2013
“After six years of a gloomy recession and shaky recovery, the U.S. economy looks poised to regain its glow next year with stronger job growth, bigger income gains for more people and a resurgence of homeowners moving up into new digs,” the Los Angeles Times reports.
“The overall economic outlook for the U.S. has improved sharply in recent weeks amid a string of surprisingly robust economic data: Businesses have stepped up hiring, new factory orders from abroad are at a two-year high and consumers have been flocking to car lots and restaurants.”
“State and local governments that not long ago were in massive retrenchment are spending more too.”