Here’s what top economists predict will happen to the U.S. economy over the next decade
The 2010s have been nothing short of record-breaking — at least from an economics standpoint.
Joblessness hasn’t been this low since the 1960s, while employers in the U.S. have added positions for 110 straight months. Meanwhile, financial markets have propelled to new highs, and it looks increasingly likely that the U.S. economy will continue expanding beyond its 11th calendar year.
The economy has come a long way since the Great Recession, bolstered by exceptionally accomodative monetary and fiscal policy. But what’s the likelihood that the U.S. economy will be even more blockbuster in the 2020s?
Not much, according to Bankrate’s Fourth-Quarter Economic Indicator survey. The majority (or 57 percent) of the nation’s top economists expect the U.S. economy to continue expanding at this pace over the next decade, while a third (or 33 percent) expect a slower pace of growth. Ten percent are forecasting that the pace of growth will be faster over the next decade.
Here’s what the nation’s top economists are saying.