Since the 2008 financial crisis, the global financial system has been far from confident about the world’s economy. The US and nations around the globe faced the greatest slowdown in economic growth and consumption since the Great Depression of the 1920s.
For the last four years, the psychological and economic changes that occurred kept many people, including high level management, from having a confident outlook on the economy or future prospects for growth.
It seems that 2012 was the year when hope started to return to CFOs, CEOs, financial analysts, and economists. There have been a number of articles and reports with the informed prediction that 2013 will be a better year for the world, and a better year for the United States, in particular.
China Sees Good Things for U.S.
The manager of China’s $3.3 trillion foreign exchange reserve, Huang Guobo, stated to Bloomberg that “The U.S. may be a ‘bright spot’ for the global economy in 2013.” He claims that “credit expansion and the development of the alternative energy industry will help make the U.S. the major power promoting global economic growth in the future.” After four years of rough news, this is a very welcome prospect for CFOs and the average citizen alike.
In addition to the good words that Huang had for the future of the U.S. economy, he also provided more information. The dollar is likely to appreciate in the future. The risk of credit problems is far smaller in the U.S. than it is in Europe. In contrast to the potentially positive situation in the United States, Huang sees economies in Europe and Japan continuing to struggle into 2013, especially if important changes are not introduced into their systems.
Economic Success Means Opportunities
As CFOs working in the midst of the comeback of the U.S. economy in 2013 and beyond, it’s important to keep an eye for investment, acquisition, and other financial opportunities that are sure to arise. As the energy industry, housing market, and green industries recover from slowdowns, there will be a lot more economic activity occurring that could yield good results for any corporation looking to invest.
All signs point to a positive 2013 for the U.S. and corporate America. Make sure your team has the data and skills they need to capitalize on the coming growth that millions will welcome. Don’t neglect overseas investment opportunities either; there are plenty of countries expected to do well in 2013, especially if their economies are tied to U.S. economic success.
What sort of year do you think 2013 will be for the United States? The Global Economy? What about for your company?