Abstracts » Business, general

Consensus forecasts of financial institutions

Article Abstract:

Economists from respected financial institutions, such as the Fleet/Norstar Financial Group Inc and the Metropolitan Life Insurance Co, predict renewed economic activity for the US. Gross National Product is expected to have a 3.1% rate of increase from first half of 1991 to second half of 1992. Housing starts are also foreseen to rise gradually. Furthermore, the unemployment rate is expected to drop from 7% in 1992 to 6.5% in 1993. Sales of local and imported automobiles are also forecast to increase.

United States, Economic development

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Consensus forecasts of financial institutions

Article Abstract:

Financial forecasters see a modest improvement in the US economy. This will be led by consumer spending and investments in inventories and equipment. However, business fixed investment will still be weak from late 1992 until the 3rd quarter of 1993. The growth of money supply will also be slow. On the bright side, inflation will be low and national unemployment will go down. Short-term interest rates will trek upward while long-term loan rates will move sideways.

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Consensus forecasts of financial institutions

Article Abstract:

A recent survey of financial forecasters suggests that the US economy will experience modest growth for the remainder of 1993. Inflation-adjusted GDP is projected to increase at an annual rate of 2.9% whileprice increases will be the same as those of 1992. A small increase is also predicted in short-term interest rates. Long-term rates are seen to remain constant. Automobile sales and unemployment are likewise expected to improve.

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