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The U.S. economy is showing renewed vigor and is poised for a pickup in growth, according to a recent report by TD Economics, an affiliate of TD Bank.
"Job growth is gaining speed and confidence is rising," says TD Chief Economist, Craig Alexander. "The strength in job growth will support consumer spending and energize housing demand, shifting the economy into third gear."
After averaging 2.2 percent in 2014, the economy is forecasted to grow by 3 percent in 2015. With faster growth, the unemployment rate will continue to fall, reaching 5.5 percent by the end of next year.
Stronger job and income growth will support the housing market. "The dearth of new household formations is strongly related to the l...
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