Source: http://ift.tt/dGAOPG - Wednesday, January 28, 2015
Spencer Platt/Getty Images By Knowledge@Wharton, Knowledge@Wharton January 28, 2015 Economic conditions in the U.S. have clearly improved since the dark days of the Great Recession. The economy grew nicely in 2014, unemployment fell, home prices rose and stocks racked up another fine year. Even bonds did well, surprisingly. But can it continue? Though there are indeed some concerns, such as the strong dollar’s effect on exports, Wharton finance professor Jeremy Siegel and Mark Zandi, chief economist at Moody’s Analytics, say the odds favor additional good news in 2015, though economic and market performance may not match last year’s. Related: With a Rising Dollar, Should You Still Bet on U.S. Blue Chips? Gross domestic product could grow by about 3 percent this year — not as hot as the 5 percent in the third quarter of 2014, but still respectable, Siegel says. (Year-end results are not yet in.) Low interest rates and low oil prices will boost the economy, he notes. “People will have more money to spend.” “It should be a good year, particularly for the economy and for jobs,” Zandi adds. “We created three million jobs last year. We’ll create about the same amount this year. We should be at full employment by early 2016.” Interest rates may rise slightly but should remain low by historical standards, says Siegel, who predicts lower than average rates “for many years to come.” He notes that the Federal Reserve may raise the Fed funds
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Spencer Platt/Getty Images By Knowledge@Wharton, Knowledge@Wharton January 28, 2015 Economic conditions in the U.S. have clearly improved since the dark days of the Great Recession. The economy grew nicely in 2014, unemployment fell, home prices rose and stocks racked up another fine year. Even bonds did well, surprisingly. But can it continue? Though there are indeed some concerns, such as the strong dollar’s effect on exports, Wharton finance professor Jeremy Siegel and Mark Zandi, chief economist at Moody’s Analytics, say the odds favor additional good news in 2015, though economic and market performance may not match last year’s. Related: With a Rising Dollar, Should You Still Bet on U.S. Blue Chips? Gross domestic product could grow by about 3 percent this year — not as hot as the 5 percent in the third quarter of 2014, but still respectable, Siegel says. (Year-end results are not yet in.) Low interest rates and low oil prices will boost the economy, he notes. “People will have more money to spend.” “It should be a good year, particularly for the economy and for jobs,” Zandi adds. “We created three million jobs last year. We’ll create about the same amount this year. We should be at full employment by early 2016.” Interest rates may rise slightly but should remain low by historical standards, says Siegel, who predicts lower than average rates “for many years to come.” He notes that the Federal Reserve may raise the Fed fundsfrom Top News on RSS Feeds http://ift.tt/1yyXy12
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