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The Economic Outlook for 2005
Knowledge@Wharton

Investors, consumers and businesses have had a fair share of concerns in 2004: high fuel prices, less-than-stellar job growth and volatile swings in the stock market, which remains well below the highs set four years ago. But by many measures the year is ending well. Oil prices dropped in December, hiring has picked up, and the Standard & Poor's 500, thanks to a string of gains in the fall, returned nearly 8% from the start of the year through mid-December.

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