Many economists are predicting that this year will bring the fastest spurt to economic growth since the Great Recession, MarketWatch reported.
Those economists think the dismal 74,000 increase in net hiring last month was a fluke caused by poor weather and seasonal-adjustment problems that will soon be revised away or prove to be an aberration, and many are predicting economic growth of at least 3 percent, the most robust in nine years.
The way those with a sunnier view see it, the road is clear for the United States to produce its fastest spurt of growth since the Great Recession. There's no big crisis brewing in Washington, D.C., U.S. households are better off financially, and businesses are raking in profits. Nor are there any major global threats to the economy on the horizon.
Consider the new forecast by top economists at the nation's leading bank firms. They predicting the U.S. economy will hit 3 percent growth this year.
The forecast by the advisory panel of the American Bankers Association is no outlier, either. A rising number of economists predict that the economy will meet or beat the 3 percent threshold.
So what makes 2014 different?
For starters, Washington is on track to pass budget bills to fund the government through the next two years, and no new tax increases are coming down the pike. For the first time in five years, Republicans and Democrats appear ready to play nice and avoid a wrenching fiscal fight that would undermine the economy again.