WalletHub, a personal finance social network, is out with a new report entitled “11 Economic Predictions for 2015.” The data projections are mostly positive and hint at a gradual economy recovery with lower unemployment levels, a rising gross domestic product and a boost in wages. Here are the 11 economic predictions for 2015 from WalletHub:
- GDP Growth Will Be Roughly 3%
- Unemployment Will Reach 5%
- Wages Will Increase 3%
- The S&P 500 Will Hit 2,250
- Auto Sales Will Top 17 Million
- Home Sales Will Post Modest Increase
- Oil Will Fall to $50 a Barrel
- Interest Rates Will Remain Near Record Lows, Despite Shift in Fed Policy
- U.S. Consumers Will Rack Up At Least $60 Billion in Credit Card Debt
- Entrepreneurship Rates Will Rise Slowly
- Mobile Banking Will Thrive
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