Abstract
As we begin 2014 the growth outlook is much improved compared with a year ago. In part this reflects some sizeable upward revisions to previously released data, but it is also a function of the stronger than expected pickup in activity through 2013. The economy grew by 0.8% in both Q2 and Q3 and business survey data point to a similar rate of growth in Q4. This would take GDP growth for 2013 as a whole to 1.9%, which would be the strongest since 2007…
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