Bloomberg (03/10/14) Roger Runningen
President Obama’s advisers say impediments to economic growth have subsided and the U.S. economy is set to grow and add more jobs in the next two years. The unemployment rate is at its lowest level in more than five years, deficits have been cut by more than 50%, housing and manufacturing are resurging, and exports are growing.
Gross domestic product is expected to grow 3.1% this year and 3.4% in 2015, and the unemployment rate is expected to drop from 6.9% in 2014 to 6.4% in 2015, according to the president’s annual economic report to Congress.
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