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NDSU faculty member featured in story on economic predictions

Photo of Fariz Huseynov

Fariz Huseynov

Fariz Huseynov, associate professor of finance, was recently featured in a story on the financial outlook for the coming year.

The article, "WalletHub’s Financial Predictions for 2019," was written by WalletHub senior writer and editor John S. Kiernan. 

In the report, WalletHub surveyed a panel of economics experts, analyzed projects by major banks and studied Federal Reserve forecasts.

Among the article’s predictions:

• U.S. GDP will rise 2.5 percent

• Unemployment will dip below 3.5 percent

• The S&P will go over 3,000

• Credit card debt will top $1.1 trillion

Huseynov was asked for comment about the Federal Reserve raising target rates, credit availability, debt levels, mortgage issues and automobile sales.

Among his answers, Huseynov had this to say about credit: “Credit will become less available due to several factors,” he said. “First, global economic growth projections are decelerating which will shrink lending appetite of financial institutions. Second, financial stress index has gone up recently and it seems to form an upward trend. Excessive corporate debt levels will further decrease risk tolerance. Third, central bank activity in US and Europe will likely to shrink money supply available hence tightening the credit conditions. Fourth, it may be marginal but political issues around the US-China and EU-UK relations will increase risk premiums around the world.”

Huseynov’s research interests include banking and corporate and international finance. He earned is bachelor’s degree at Istanbul University, Turkey; his Master of Business Administration from Ball State University; and his doctorate in finance from the University of Memphis.

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Last Updated: Thursday, January 13, 2022 8:52:56 AM
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