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The Economic Outlook for 2005
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******************************** The Economic Outlook for 2005 http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=1108 Investors, consumers and businesses have had a fair share of concerns in 2004: high fuel prices, less-than-stellar job growth and volatile swings in the stock market, which remains well below the highs set four years ago. But by many measures the year is ending well. Oil prices dropped in December, hiring has picked up, and the Standard & Poor's 500 returned nearly 8% from the start of the year through mid-December. Will the good news continue in 2005? The smart money says the coming year will probably bring decent, but not terrific, gains in economic growth and stock prices, according to four Wharton professors, who nevertheless warn of possible fallout from the deepening federal and current-accounts deficits and the falling dollar.
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