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Coming into 2015, many economists were forecasting above 3 percent growth. In fact, some still are. Tailwinds such as a booming stock market, lower fuel prices, rapid job growth, and early evidence of sharper wage gains led forecasters to believe that 2015 was shaping up to be the best year for the economy since 2005, the last time the U.S. economy expanded more than 3 percent over the course of a calendar year (3.4%).

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