Experts predict a few more strong laps around this race
track we call our economy. Fifty forecasting experts with the National
Association of Business Economics (NABE) believe the U.S. economy will grow at
a rapid pace over the next two years. They suspect Gross Domestic Product (GDP)
will increase on average 3.1% in 2015 and 2.9% in 2016.
Few can complain about the potential win-win situation
brewing that will reward businesses with higher sales and better employment opportunities
for job seekers. Experts believe the economy will improve to a point where unemployment
dips under 5% by the end of 2016.
The advantages of polling experts can help gauge the overall
likelihood of success for the nation. These economic gurus have become
successful in their fields and have opinions on economic growth and development.
Funneling their opinions into useful metrics helps see that the average opinion
is positive.
Each expert sifts the questionnaire information through
their personal experiences, judgments and opinions to come to a conclusion
about each question. These conclusions are averaged to get the statistics seen
above. The more people involved in the forecast the greater the validity of the
results.
Positive news and accurate information often draws
investment from interested stakeholders that desire to improve their profit
margins. For example, if you own a
business that is likely to benefit from a growing economy and are holding onto
cash the positive news may prompt additional investment. This can in turn
generate more employment; 250,000 per month worth.
Growing economies, lower unemployment, higher investment,
and sustainable spending are positive news for any government that seeks to
place in the finals of racing nations. That
doesn’t mean any of this will come to pass but that industry experts believe it
is possible and perhaps even likely. If you are a business investor or a person
seeking to gain from employment opportunities these numbers should be
refreshing.
http://nabe.com/NABE_Outlook_March_2015
