Wall Street Journal (01/01/14) David Wessel
Few economists expect that 2014 will be a boom year, but many believe it will outperform each of the last several years. Unemployment is expected to drop to 6.5% by the end of the year.
Forecasters at the U.S. Federal Reserve expect economic growth of between 2.8% and 3.2%. The reasons for optimism in 2014 include improved balance sheets among businesses; improved consumer spending; possible increased business investment; and fewer obstacles from the federal government.