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Growth Revised to 4.6%, Brightening the Outlook

Associated Press (09/26/14)

The quick recovery of the economy in the second quarter after a harsh winter signals that the growth outlook likely will look bright for the remainder of the year and into 2015. Many economists think the economy currently is growing at about a 3.0% rate for the third quarter. “The American economy is firing on virtually all cylinders and cruising at a decidedly stronger rate than in recent years,” says Sal Guatieri, senior economist at BMO Capital Markets.