We have gathered some information all over the internet on what the experts predict for the World Economy in 2015.
We can tell you it will not be any joy ride, but do not worry, no train smash either.
Adrian Saville says:
“On this first point, the world economy is in decent shape, helped in no small measure by the slumping oil price. Specifically, given that the globe’s largest economies are oil consumers, rather than producers, the lower oil price is overwhelmingly positive for them. Perhaps the easiest way to illustrate the impact of the lower oil price is to liken the price fall to a tax cut for oil consumers.”
Daniel Franklin says:
“The West’s economies are coming to a fork in the road. America and Britain, now moving ahead at a decent pace, are heading towards higher interest rates courtesy of the Federal Reserve and the Bank of England; the euro zone and Japan, in danger of slipping into recession and deflation, will take the opposite path of more monetary stimulus. That will make for volatility in financial markets. Fed rate rises, the troubles of the euro-zone laggards and worries about Chinese growth all have the potential to spread panic.”
So far two economists dealt with different topics, but one is more positive than the other. Lets have a look at what Forbes has to say and Huffington Post:
“The U.S. economy has survived another year. What was supposed to be the year of rising U.S. interest rates, and a return of emerging market growth, has instead become the year where the U.S. stands alone. The economy is doing better than anyone expected, with the Dow cracking 18,000 on Dec. 23 and unemployment under 6%. And while incomes are stagnant, gasoline prices are under $2.60 a gallon nationwide. Economic fundamentals, low asset prices for land and real estate, and the generally strong rule of law and stable regulatory environment have all made the U.S. the best investment market for global investors. For better of for worse, the American economy is once again the engine of global growth heading into 2015.”
“The American economy, bolstered by a run of decent employment numbers and a party-in-the-USA third-quarter GDP pop, is finally beginning to show signs of health. While this good news didn’t arrive in time to help Democrats retain control of the Senate, it still technically qualifies as good news, because “the economy” is actually not just a thing that determines whether affluent politicians get to keep their seats. American taxpayers have endured much hardship since the 2008 financial crisis, and pretty much everybody, from career politicians to human beings, will be better off if the economy continues to improve.
Speaking of “pretty much everybody”: It’s worth remembering as we head into the new year that anyone — officeholders, pollsters, whoever thought it was a good idea to make a spaghetti sauce say “bae” — anyone at all can make confident predictions about what the economy is or is not going to do. That doesn’t mean we have to pay attention each time. Here, we offer a greatest-hits tour of economic forecasts that did not exactly pan out, with a gentle suggestion that in 2015 we leave this kind of thing to the actual economists.”
Whle both speak very well about the US economy, Huffington Post do say that every prediction for 2015 will pretty much suck. Which we agree with, at the moment the ECONOMY is a rollercoaster ride.
We have seen improve definitely, but then new dangers started appearing on the horizon. So what have you learned from this article…?
Keep going with your saving plan, do not go overboard with spending, have a plan in place, work hard, work smart, and enjoy 2015.
Sponsored by Accountibility South Africa.