Every December, economists make predictions about the year ahead, and each year they get hit by unexpected events that make them look clueless. Take the plunge in oil prices — nobody saw that coming.
Still, top economists’ forecasts did get a lot right for 2014.
Last year at this time, most were predicting low inflation, more jobs and rising stock prices — and that’s what we got.
Now they are making their predictions for 2015.
NPR’s senior business editor Marilyn Geewax has been poring over the forecasts — and she joins Here & Now’s Robin Young to explain what economists predict for the job market, the stock market, and inflation.
Guest
- Marilyn Geewax, senior editor for NPR’s Business News Desk. She tweets @geewaxnpr.
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