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Quarter-End Insights

Economic Outlook: 2015 Could Bring More of the Same

We may likely be entering a period of slower growth, but no growth at all is unlikely.

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  • U.S economy holds its own despite setbacks in the rest of the world
  • Consumers are spending down recent savings gains as inflation moderates, which should keep GDP growth rates in the 2.0% to 2.5% range for some time
  • Demographics, including lower population growth rates and an unfavorable mix shift to older, lower-spending consumers, will keep a lid on long-term economic growth
  • Improved housing activity, export growth, higher wages, low interest rates, and improvement in energy-dependent industries (chemicals, plastics, metals) could offer floor support for growth rates

 

Robert Johnson, CFA does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.