MUSKEGON, Mich. (WZZM) -- Business and community leaders in Muskegon County attended a sold out economic outlook event on Friday. It's an event the Muskegon Lakeshore Chamber of Commerce holds each January. Mitchell Stapley is the chief investment officer for Fifth Third Asset Management.
He predicts good but not great economic growth in the region.
The rate of economic growth should be just under the 3% national long-term trend.
Staples says business and consumer have done well to decrease debt.
One sector of the economy that should have a good 2016 is tourism, in part because of the price of gas.
Other good news in the forecast centered on low interest rates which should boost the real-estate sector.
Economic forecasting beyond this year becomes foggy because of the change in leadership in Washington.