The Associated Press reports that a panel of top business economists expect the stronger job market and falling oil prices in 2015 will push the fastest economic growth the U.S. has experienced in decades.
A 3.1 percent growth in the overall economy, measured by the gross domestic product, is expected next year. This percentage rate would be the strongest GDP growth since 2005, AP reports. Government reports also indicate that 321,000 jobs were created in November, which may lead to higher consumer spending, a segment that accounts for approximately 70 percent of economic activity.
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