With the impending culmination of 2015, one may start to hypothesize the state of our economy in the coming year. Recent studies have shown an increase in job growth, interest rates rising, and the decline of housing prices.
In the new year, I project that we will have somewhat of an economic downfall, not as influential nor drastic as that of the 2008 recession. However, recent research has proven that we can expect a decent decline in home prices, as well as rise in the federal reserve interest rates.
This ominous decline can be attributed in part to the 2016 election, as political unease, and possible change of political party in White House have a certain amount of correlation. Additionally, growing concerns over terrorism and recent influx of attacks, have not helped to boost economy nor American moral.