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White House has optimistic growth forecast for 2014, 2015

Published on Mar 11, 2014 8:26 AM
 

WASHINGTON (REUTERS) - The White House on Monday forecast more robust economic growth in 2014 than last year and a further pickup in the economy for 2015.

Under a White House projection, the US economy is expected to expand by 3.1 percent this year, faster than last year's 1.7 percent. Growth would pick up to 3.4 percent in 2015, the White House said.

The administration also forecast that unemployment would ease to an average of 6.9 percent in 2014.

The jobless rate, which reached a high of 10 percent in 2009, fell to a five-year low of 6.6 percent in January.

 
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