Dr. M. Ray Perryman is President and Chief Executive Officer of The Perryman Group www.perrymangroup.com. He also serves as Institute Distinguished Professor of Economic Theory and Method at the International Institute for Advanced Studies.
The U.S. economy is on fairly solid ground, and our latest forecast calls for moderate growth over the long-term horizon. There are several areas of concern, and business cycles are inevitable, but on balance, I expect improvement in the years to come.
Although there are some challenges ahead and potential risks, the US economy appears set for moderate growth over the next few years according to the latest forecast by economist Dr. Ray Perryman of the Perryman Group. Here is a look at recent performance and key trends affecting the outlook.