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Your money, the economy, taxes might change in 2025: Experts offer predictions

The article from USA Today discusses economic predictions for 2025 by various economists. Key points include expectations of a slight economic slowdown but not a recession, with inflation expected to decrease to around 2-3%. Interest rates might see a modest decline, potentially easing borrowing costs. Consumer spending is projected to remain stable, supported by a strong labor market, although wage growth might slow. There's optimism about technological advancements boosting productivity, particularly in sectors like AI and green energy. However, geopolitical tensions and policy changes could introduce volatility. Overall, while there are challenges, the consensus leans towards a cautiously optimistic outlook for personal finances in 2025, with potential improvements in savings rates and investment returns if economic conditions align favorably.

Read the Full USA Today Article at:
[ https://www.usatoday.com/story/money/business/consumers/2024/12/01/could-your-finances-improve-in-2025-economists-offer-predictions/76618049007/ ]