Solid growth brightens economic outlook for 2014 » DaltonDailyCitizen.com

WASHINGTON — Consumers will spend more. Government will cut less. Businesses will invest more. And more companies will hire.

Add it all up, and you can see why expectations are rising that 2014 will be the best year for the U.S. economy since the recession ended 4 1/2 years ago. That’s why the Federal Reserve is pressing ahead with a plan to scale back its economic stimulus.

The optimists got a boost Thursday from a government report that showed consumers fueled solid economic growth in the final quarter of 2013. The report lifted hopes that the economy will be able to withstand turmoil in emerging economies, a pullback in the Fed’s stimulus and mounting risks to the U.S. stock market over the next 12 months.

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