The data from the University of Michigan’s Surveys of Consumers indicate that consumers now hold the most favorable economic expectations since 2007. The latest survey data indicate that the economy will finally return to an annual growth rate of just over 3% for 2015. This would be the first time in ten years since the economy expanded at that rate, the last time being in 2005 when GDP advanced by 3.3%. CONT.
Richard Curtin, U. of Michigan