US economy may post best performance in 10 years in 2015: poll

Washington

THE US economy is set to record its best performance in a decade this year as a rapidly strengthening labour market buoys domestic demand, giving the Federal Reserve the confidence to start tightening monetary policy, a Reuters poll showed.

The poll of 82 economists forecast gross domestic product (GDP) growing an average of 3.2 per cent this year, which would be the fastest since 2005.

Economists are maintaining their lofty forecasts despite the economy having hit a …