With the election this week, people in the US are finally able to say goodbye to all of the politics that have been unavoidable for months. People will no longer have to deal with political ads on TV, the internet, and in public. But there are still a lot of questions about the future of the country. Many people are unsure that the next President of the United States will be able to really get the US economy roaring again. There is recent news that may help put those fears to rest, however.
Better Prospects Ahead?
People on both sides of the aisle have been blaming each other for our country’s slowly-recovering economy. With the end of the election, we’ll likely see a lot less of that. We’re also going to see a lot more activity increase because the uncertainty of the election is no more and financial teams at corporations will have a better idea of what to do with their reserves.
In fact, as Rich Miller and Steve Matthews report for Bloomberg, “No matter who wins the election tomorrow, the economy is on course to enjoy faster growth in the next four years.” That’s wonderful news for everyone, especially the CFOs who have been dealing with years of a shaky economy and a general lack of confidence in many global markets.
A lot of the recent economic data has beaten expectations. Hiring was up above estimates in October, GDP is expected to surprise next quarter in terms of growth, banks are lending more and performing better, and many foreign markets are beginning to rebound as well.
Keep Alert for Opportunities
As the US economy starts to rebound quickly in the next five years, companies need to be observant and ready to pounce on investment opportunities that are sure to arise. With the lack of uncertainty due to the elections ending and strong signs that the US will continue to recover, now is the time to make the moves to ensure your company can continue to grow and expand as the entire economy does.
That could mean investing in personnel, something that ultimately helps the entire economy by putting more people to work, or it could mean more traditional investments. Overall, the outlook in the next four years is full of more certainty than uncertainty. Make sure you’re ready to act appropriately.
Does your company have plans to spend or invest after the election?