Jan 30, 2014

Mark Zandi expects much stronger economic growth

The U.S. economy is set to experience much stronger growth as the middle of the decade approaches. Businesses are highly profitable and very competitive, households have reduced debt and are saving more, and the banking system is well-capitalized and liquid.  The job market is headed in right direction. Broadly speaking the economy is performing steadily better.

~ Mark Zandi, chief economist, Moody's Analytics, "The economy is only going to get stronger: Mark Zandi," The Daily Ticker (Yahoo!Finance), January 30, 2014

(Zandi has a bullish outlook on the U.S. economy: he's forecasting 3% GDP growth this year and 4% growth in 2015.  He says better economic growth will also lead to more jobs. He estimates that 3 million new workers will be hired in 2015, up from 2.25 million in 2013 and 2012. That would mean the economy returns to full employment (a federal jobless rate of 5.5% to 6%) by 2016.)

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