Economic and CU Monitor (Special Topic: 2017 Economic Outlook) - December 2016

This month's special topic: 

2017 Economic Outlook

With the approach of a new year, credit unions find themselves operating in similar economic conditions to a year ago. GDP continues to register at roughly 2 percent, auto sales remain strong, and the housing market has shown flashes of promise. Meanwhile, conditions abroad remain tenuous. A year ago slowdowns in China appeared to be the greatest area of concern, while today Europe looks to be more of a near-term threat, as 2017 will see Britain seeking to work through its exit from the EU, and several continental elections could be impacted by the recent wave of populism. But the greatest source of domestic uncertainty by far is President-elect Trump’s economic agenda, and its potential to boost short-term growth.

NAFCU's Economic and CU Monitor is a NAFCU member-only monthly report of the latest macroeconomic and financial trends affecting today's credit unions, including trend data among NAFCU member credit unions.