US Economy Shifts into Higher Gear

CHICAGO—At this point, it looks as though the post-downturn US economy has moved past its second wind and into its third, with little evidence of slowing down eight and a half years on. “In terms of growth, real GDP has averaged about 2% per annum throughout most of this expansion, but on the heels of soaring business and consumer confidence, stock market wealth, stronger global growth and tax cut stimulus, the US is clearly shifting into a higher gear,” according to Cushman & Wakefield’s latest US Macro Forecast report.

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