Next year will bring relatively strong growth in gross domestic product, continued lower unemployment and an increase in wages, all of which should lead to a good year for making loans, the consumer finance site WalletHub forecasted.

The site consulted a group of five economists and professors for the forecasts.

WalletHub's experts estimated the U.S. gross domestic product would reach 3% in 2014, mirroring the same prediction it made last year although the site acknowledged that its previous forecast might have been too conservative.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.