Economic Forecast Shows Promise for a Brighter 2014, With One Caveat

First, the bad news.

It’s been five years since the last recession ended and 6 1/2  since the subprime crisis. That’s a long time without a major shock. Expect something negative to happen in the next two years.

We just don’t know exactly what it will be.

Now, the good news:

  • Unemployment will fall.
  • Inflation will simmer.
  • The stock market will continue its amazing run — I expect a real GDP growth of 2.6 percent.

For the full forecast, read “U.Va. Darden Professor Predicts More Employment, Low Inflation and a Higher Dow, but Watch Out!”

These predictions were captured at the 2014 Economic Outlook gathering held in January at the Darden School of Business.

About the Faculty

Alan R. Beckenstein

Beckenstein is an authority on the impact of public policy and global events on companies and industries. He has worked in the areas of competition policy — antitrust, regulation and deregulation — as it affects company decision-making, as well as similar issues in environmental policy, and global economic and financial... Learn More