Top 5 Economic Predictions for the Next Decade

No. 1: A reduction of the Federal Debt

We’ve arrived at the top spot on our lit of to economic predictions for the next decade. While the reduction of the massive Governmental debt has caused numerous debates thus far, measures have been set into motion to start reducing it over the span of the following years. Currently, there is much uncertainty whether the measures will involve spending cuts, tax hikes, or other austerity measures.

While this will also translate into a slower economic growth, it feels like Washington is finally starting to take care of this lingering and ever-rising Federal debt. It will take years, but by the end of the following decade, the current debt, which is estimated at $17 trillion, should be much lower than what it is today.

If you liked our economic predictions for the next decade, you’ll love our “Top 4 Predictions for Your Business Plan in 2014.”