With the ghosts of the 2008 financial crisis hidden away for the time being, markets around the globe are beginning to show some positive signs. In 2017, the Dow Jones Industrial Average in the United States set 70 record close marks, surpassing the previous record from 1995. A few weeks in to 2018, and the Dow has surpassed the 26,000 mark with an eye on continued growth beyond that mark. Around the globe, there are other good signs looming for investors who have been wary in previous years.
The 2017 calendar year has come to an end and it has been quite the rollercoaster ride. The economy, globally and in the US, has been up and down. With hopes of President Trump rolling back restrictions on the American economy, many businesses started spending, hiring, and investing capital. Additionally, the rough 2017 hurricane season dented the economy and slowed it down as major cities went into recovery mode. With these factors in mind, what is the outlook for the economy in 2018?
US GDP Growth Will Rise