Every 60 years, the Chinese lunar calendar combines the two symbols of wood (fostering growth) and the snake (representing wisdom and the ability to shed its skin for progress). The wood snake is a powerful combination that encourages introspection and gradual growth, according to Architectural Digest India. What does this have to do with your finances?
As we look ahead to 2025, I anticipate growth but, much like the wood snake, at a moderate pace. Forecasts for GDP growth in 2025 vary. The St. Louis Fed survey shows a consensus average of 2.1% real GDP growth in 2025. Growth, yes, but a little off from the growth rate of 2.8% in the third quarter of 2024. The fourth-quarter rate is expected by the end of January.
