The economy in retrospect: Surprises in 2016?
And how did panelists’ predictions pan out for the year?
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from San Diego Union Tribune’s EconoMeter panel.
Q: What was the most surprising economic news in 2015?
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Bob’s Answer: Oil glut
There was an expectation that oil prices would rise and settle in the $60-$70 per barrel (range) by year-end but supply continued to increase while global demand abated. My very close seconds was climate change being heralded as the greatest threat to mankind ahead of destroying ISIS, choking Iran with sanctions, securing the border, trillion of debt and over 100 million living on federal welfare.
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