Abstracts » Business, general

Kent model forecasts

Article Abstract:

Growth in the US economy will be slightly faster in the second half of 1992 as most segments of the manufacturing sector recover from the recession. A 2.7% rise in GDP in constant 1987 dollars is projected for the period compared with 2.5% in the first half of 1992. For 1993, GDP is expected to rise by 3%. Prices for the 1992-1993 period will see moderate increases while unemployment will peak in the second half of 1992. Short-term interest rates will marginally increase by the end of 1992 and continue until next year. No significant movements are projected for long-term interest rates.

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Kent model forecasts

Article Abstract:

Economic forecasts based on the Kent Forecasting System paint a promising picture of recovery for the US. Growth rate is expected to rise by 2.5% in 1993. Industries that previously suffered financial setbacks, such as the automobile and tire industry, are predicted to recover by 1993. However, the problems plaguing some segments of the construction industry, particularly nonresidential and apartment housing, will remain. Consumer prices are predicted to increase by 3% in 1992 to 3.7% in 1993. There are also positive signs that the unemployment rate will be slightly reduced.

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Kent model forecasts

Article Abstract:

Moderate growth is expected to be the norm for the US for 1992 and 1993 due to improvements in exports, housing and consumer spending. Gross domestic product growth is forecast at 2.3% for 1992 and 2.5% for 1993 while unemployment rates are expected to hit 6.9% and 6.3% for the same periods. Moderate inflation rates and income growth are projected until 1993. Meanwhile, experts believe the market for goverment securities will undergo the fastest expansion levels.

Economic aspects

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