Higher consumer borrowing expected to boost economy

11/4/2013 | Bloomberg

As unemployment falls in 2014, consumers in the U.S. are likely to step up borrowing, giving the economy a boost and offsetting federal spending cuts, according to data from lenders. Consumer credit requested will increase over the next six months, 46% of U.S. and Canadian banks said in a survey. Fifty-three percent of lenders anticipate higher credit card balances.

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