What is the U.S. economic outlook for 2014? Not good
Every four to six years, the U.S. experiences an economic slowdown.
It happens like clockwork. The current bull market is now in its fourth
For those who missed the recovery, it’s probably a little unnerving
to consider “this” a bull market or an economic recovery. And it’s
probably just as unnerving to think that we’re already primed for
another correction. While the markets may be performing well, the
average American isn’t. Unemployment remains high, as does household
debt. Gross domestic product (GDP) is essentially flat. Housing may be
the one bright spot, but even that sector is fragile at best.
How does the Congressional Budget Office (CBO) feel about the U.S
economic outlook in 2014? Pessimistic. The CBO expects the U.S. economy
in 2014 to remain moribund and for unemployment to remain near eight
percent. But it gets better. It also projects that both actual and
potential real GDP will eke out 2.25% annual gains between 2019 and
2023. (Source: “The Budget and Economic Outlook: Fiscal Years 2013 to
2023,” Congressional Budget Office web site, February 2013.)
For more information you can visit http://www.useconomicoutlook2014.com/category/us-economic-out...
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