Jan 17 2016
2016, Another 2015?
Moderate Wage Growth in the Last Half of 2015
Finally, workers began to see take home pay improvements late 2015, which should sustain their spending in 2016. With personal consumption expenditures representing 68% of the USA GDP, that suggest 2016 will be another slow growth year with other headwinds (China slow down, oil oversupply) retarding growth.