What is the direction of the US economy?
“The direction of the US economy in 2015, 2016, 2017 is certainly going to be greatly impacted by the decisions that we have to make in 2014.” – Bob Morgan, Austin Associates, LLC
As lawmakers try to come to an agreement regarding the nation’s fiscal policy, 2014 looks to be a pivotal year for our economy. Economist Bob Morgan shares his outlook for 2014, predicting sluggish growth at a rate of 2 to 2.5 percent, due primarily to the lack of personal spending growth and an aging society. On a positive note, Morgan projects the auto industry, manufacturing and home construction will be the areas seeing the largest growth.