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Despite the market woes and persistent fears over the Chinese yuan affecting global markets, many analysts still expect the U.S. economy to expand at a slow but steady 2.5% annual rate. Consumers are increasing their spending and the unemployment is at its lowest since 2008. According to Wall Street Journal, “growth stocks—shares of companies that tend to reinvest earnings into expanding the business instead of paying dividends—are also faring better than the broader market, suggesting many investors still believe the economy will accelerate”. Tobias Levkovich, Citigroup’s Chief U.S. equity strategist believes that the troubled global market situation was triggered by China, as: “It sent us on a wave of downward fears.” Bloomberg noted that: “For all the turbulence, the U.S. economy is still “pretty solid” and the Fed should raise interest rates”. Overall, financial analysts are expecting the self-correction of the market.dice

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