Expanding Economy

November 17, 2016
By:Elliot Eco70.com November 16, 2016

With Trump in charge, but with so much still unknown, GDP growth will probably be a bit faster in 2017; 2.3%. Still not high, but an improvement. Inflation will rise to 2.2% in 2017. While also not high, it’s much higher than the 1.5% inflation we have been experiencing. Lastly, unemployment should fall to 4.6% by 12/31/17 and the chances of a recession in 2017 have declined slightly, to 20%.