The economic website wallethub.com has published a list of economic predictions for 2016.
Among its forecasts: U.S. GDP growth will lag behind the rest of the world by .6%. But on the upside, the U.S. will approach what many economists consider to be full employment. Employment gains will not, however, quell discussions about income inequality. The booming auto industry will continue its upward trend. As many as 18 million new vehicles could be sold this year. The site also expects the oil industry to make a modest rebound. And the Fed will likely raise interest rates again. Meanwhile, the housing market will be met with slowed growth. Credit will likely be less available as defaults and interest rates rise. And finally, identity thieves will move on from credit info to focus on medical records.
