By Chris Elliott, Senior Economist (Oct. 10/13) We are quickly approaching the five-year anniversary of the recession that began in the fall of 2008. While the recession may have technically ended in the summer of 2009, it has still been a long and gruelling recovery for households and businesses alike. But the tide has been changing. Economists are forecasting steady, but modest, real GDP growth in 2013, before slightly stronger gains in 2014. Greater economic activity last year led to the creation of 201,500 jobs, with more expected this year and next.
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