The U.S. economy is looking more robust, with many economists predicting the gross domestic product (GDP) will grow between 2.5 and 3 percent this year. That is slightly higher than last year’s GDP, which the Bureau of Economic Analysis reported as increasing 2.3 percent, but much higher than the increase of only 1.5 percent in 2016.
Other economic indicators are looking positive as well, including modest inflation, higher wages, increased consumer spending, and low unemployment. All these factors are leading manufacturers to believe 2018 will be a good year for the refrigeration market.