Headlines Discussed at LNWM’s Monday Morning Briefing
Week of Jan. 20 – 26, 2014
- Congress passed a $1.01 trillion spending bill to fund the U.S. government through Oct. 2014.
- About half of all U.S. counties had returned to their pre-recession levels of economic output, by the end of 2013.
- The World Bank raised its forecast for 2014 global economic growth to 3.2% (up from its 3% projection last June) and vs. 2.3% actual growth in 2013. For 2014, the WB expects 2.8% growth in the U.S., 1.1% in Europe, 1.4% in Japan and 5.3% in developing economies.
- Spain’s unemployment rate rose above 25% as the country exited the international bailout program.
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