Continued GDP expansion will be the underlying theme for 2017 mostly due to lower income tax rates, reduced regulations on small and mid sized businesses, less capital restrictions on banks and repatriated cash from abroad.
Small Businesses both new and existing should find more aggregate demand for their products and services in 2017 then in 2016, this coupled with low borrowing standards will make for small business expansion for the next 3 years.
We believe the incoming administration and congress will follow through on policy that will foster growth inline with these assumptions above.
In our report published on August 2, 2016 we explained the so called 'goldilocks' economy where inflation runs low while the nation adds jobs. At Vilnius Industries we now feel that inflation will pick up in 2017 compared to the recent trends of the past 3 years.
PCE should rise from 1.6% to 2.0%
CPI should rise from 2.0% to 2.5%
This should not discourage entrepreneurs from their ventures because the rise in inflation is a reaction of a healthier economy.
Vilnius Industries is a small business, author, writer and investor. Vilnius produces proprietary content and material under the label of T.E.P.S which is a registered copyright. More of our content can be viewed at LinkedIn, Facebook and Bank of America Small Business Community.
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