Despite some international uncertainty the U.S. economy still appears well-positioned heading into 2015. In an October 9th Wall Street Journal article, “Conditions Ripe for Stronger Growth, WSJ Survey Says”, the results of the Wall Street Journal’s monthly survey of 46 economists were summarized. Some of the positives mentioned in the article were:
- Economic expansion to continue at 3% in the fourth quarter
- Projected GDP growth of 2.8%, which is well above the 2.2% average annual rate so far in this recovery
- Expected improvement in the unemployment rate, which is already at 5.9%. The forecast for unemployment by the end of 2015 is 5.4%
- Declining energy prices leaving more cash in consumers’ pockets
While stagnation in Europe and slowing growth in China were mentioned as concerns, the overall outlook for the U.S. economy for 2015 was good. While we’ll be the first to admit we don’t have a crystal ball, it is good to remember that there are a lot of good things happening in our economy in spite of recent market volatility.
PLEASE NOTE LIMITATIONS: Please see Important Disclosure Information and the limitations of any ranking/recognitions, at www.fostergrp.com/info-disclosure/. A copy of our current written disclosure statement as set forth on Part 2A of Form ADV is available at www.adviserinfo.sec.gov.