What does 2016 have in store for the United States economy? WalletHub, a personal finance website, released its 10 financial predictions for 2016. One particularly interesting prediction is the very first one, which is the U.S. GDP lagging behind the rest of the world. It also forecasts “full employment,” which can certainly be attributed to the Federal Reserve-induced boom.
Here is the list of 10 financial predictions for next year:
1. U.S. GDP Growth Will Be Roughly 2.4%, Lagging the Worldwide Average of Roughly 3%
2. The U.S. Will Approach “Full Employment”
3. The S&P 500 Will End The Year At 2,188
4. U.S. Auto Sales Will Flirt With 18 Million
5. Oil Prices Will Post A Modest Rebound
6. The Fed Will Raise Rates Once In 2016, Bringing Its Median Target Rate to 0.625%
7. The Housing Market Will Be Marked By Slowed Growth, Higher Costs
8. Credit Availability Will Contract As Interest Rates & Defaults Rise
9. Medical Records Will Become An Increasingly Attractive Target For Identity Thieves Relative To Credit Info
10. Fannie & Freddie Will Say Farewell To FICO
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