Economy: Positive Projections for U.S. Economy in the Next Two Years

March 30, 2015

Forecasters say that more hiring and a lower inflation rate will boost the U.S. economy in the next two years, Inc. reports.

The National Association for Business Economics is also forecasting a lower unemployment rate and more growth in consumer spending in 2015.

An increased pace of activity in the housing sector is among the many factors to which the association attributes the growth.

"Healthier consumer spending, housing investment and government spending growth are expected to make outsized contributions to the projected acceleration in overall economic activity. Accordingly, recent labor market strength is expected to continue," John Silvia, the association's president and the chief economist at Wells Fargo, said in a statement.

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