Q:

How is the American economic outlook for the fiscal year 2015-2016 in general?

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Quick Answer

As of November 2015, personal finance and business forecasting firm Kiplinger expects the American economy to have grown by 2.5 percent at the end of 2015 and by 2.8 percent at the close of 2016, explains its website. The firm also expects inflation to hit 2.3 percent in 2016, up from 1.1 percent in 2015, and it anticipates a wider, 5 percent trade deficit in 2015. Kiplinger expects business spending to stay flat in 2015 and increase marginally in 2016.

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Full Answer

Kiplinger expects the interest rate on American 10-year treasury notes to rise from 2.3 percent in 2015 to 2.7 percent in 2016, reports the firm's website. Further, the firm anticipates a fall in unemployment rates, from 5 percent at the close of 2015 to 4.6 percent at the end of 2016, and it expects a 20 percent increase in both sales and construction of single family homes.

Kiplinger also expects crude oil trading to rise from $40 billion to $45 billion as 2015 draws to a close, and it predicts a marginal increase in retail sales, from 4.5 percent in 2015 to 4.7 percent in 2016, according to the firm's website. Echoing these relatively rosy economic forecasts, the World Bank expects America's gross domestic product, a measure of the nation's annual economic.output, to grow by 2.7 percent in 2015, 2.8 percent in 2016 and 2.4 percent in 2017, according to the organization's website.

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