Over the second half of last year, personal credit recorded a
solid pace of growth, and revolving credit secured against residential mortgages
increased at an annual rate of around 27 per cent.
After some fits and starts, the U.S. economy is now positioned for
solid growth in 2015, with employment gains projected
at more than 200,000 per month, the unemployment rate slipping back to below 5.5 percent, and total output growth as measured by GDP projected to
increase at its best
pace in nearly ten years.