Londyn Belle Home Services Inc News Economists expect strong 2017 but with ‘wild cards’

Economists expect strong 2017 but with wild cards

1. The economy is projected to grow at a 2.3 percent annual rate in 2017, up from an estimated 1.6 percent this year, according to the average forecast of 53 economists surveyed earlier this month by Blue Chip Economic Indicators.
2. The U.S. economy is expected to strengthen next year, in part because of the government stimulus proposed by President-elect Donald Trump, but job growth is likely to slow as the recovery approaches its eighth anniversary, according to a recent survey of economists.
3. That’s largely because the low, 4.6 percent unemployment rate is providing employers a smaller pool of available workers, says Mark Zandi, chief economist of Moody’s Analytics.
4. Michael Englund, chief economist of Action Economics, says Trump’s stimulus, combined with his plan to reduce regulations and cut taxes for U.S. companies, already has buoyed business confidence, and that alone could spur more capital spending.

Source: Florida Realtors