Economic Growth Expectations: 2011

As tomorrow moves forward, the month of December illuminates the New Year: 2011. Not only is 2011 vivaciously approaching, as economic forecasts are abundantly wielding in the air like snowflakes. In the midst of local and global financial crises, what are the forecasts for the trenches of 2011? Where do your personal and economic expectations lie upon the 2011 scale of business spending, GDP, the trade deficit, interest rates, energy, inflation, housing, unemployment and retail sales?

According to Kiplinger, the 2011 forecasts are unveiled respectively and relative to the 2010 findings (http://www.kiplinger.com/businessresource/economic_outlook/).

• Business growth is set to increase steadily to approximately 9% in 2011, which is half of the growth in 2010,


• GDP is expected to hold solid from the 2010 year at 2.8% growth and remain consistent in 2011,


• Interest rates are at a stellar 3.25% prime rate and are expected to continue through 2011,


• Energy is trading at an estimated decreased $80's/bbl and also into 2011,


• Inflation is deemed to increase at approximately 0.5% from 2010 to 1.5% in 2011,


• Housing sales are within the treacherous field as 2010 with slow growth into 2011,


• Unemployment is expected to minutely decrease from 9.5% in 2010, and


• Retail is sustaining the field with optimism for 2011.

Generation Y is inexplicably moving forward steadily from the train station of 2010 into the 2011 year with determination and insights upon distinguishing pivotal movements from 2010 to 2011. The economic significance of 2010, impacted Generation Y in several areas of their personal, financial, and educational livelihoods. To sustain and flourish as a Generation from the trenches of 2010, we must bring forth our savviness, education, business experience, and profound motivation to succeed.