Economic Report: The economy was supposed to cave in by now. It hasn’t — and GDP is set to rise again.

The U.S. economy was supposed to be teetering on the verge of recession by now. It’s not.

Why not? The short answer: Consumers keep spending, helped by rising wages and rock-solid job security. Businesses are loath to lay off workers who have been hard to hire in the first place.

Even though the economy has slowed since last year, it’s still…


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