Well the according to the Bank Of America Global GDP was to forecast to grow by 3.4 percent, up from 3.1 percent in 2015.

That is slightly below trend. Growth of about 0.5 percent faster than trend is forecast for Europe, the U.S. and Japan.

In the U.S., GDP growth is expected to remain steady at 2.5 percent next year as a solid labor market offsets weak productivity growth.

Globally, headline inflation is expected to inch up to 2.8 percent as the effects of commodities price drops begin to fade.

Underlying inflation should remain stable, with key differences between developed and emerging markets.

By year-end, U.S. unemployment should reach 4.5 percent, causing a gentle rise in inflation next year, including wage and price inflation at 0.5 percent and 0.2 percent respectively.

Emerging market inflation could decelerate to 3.8 percent, down from 4.3 percent in 2015.

The strongest El Niño weather pattern in 18 years represents a potential upside risk to inflation, particularly in Asia and Latin America.

The Standard and Poor’s 500 Index is expected to reach 2,200 by the end of next year, beginning a slow trajectory toward 3,500 in 10 years.

Gains in the year ahead imply a 5 percent return for the S&P, roughly equivalent to earnings growth or a 2016 EPS forecast of $125.

Bank of America Corp 2016 Financial Status

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