Consensus forecasts of financial institutions

Article Abstract:

Present economic conditions in the US are projected to remain visible until 1998 while consumer spending under the nominal Personal Disposable Income is forecasted to increase by around 4.6%. Forecasters also bared that the consumer sector will be further reinforced by the increase in income allotted for spending, with the outlook for the nominal Personal Consumption Expenditures climbing by some 4.8% through 1998. Other outlooks for 1998 include the nominal decline of interest rates and Federal Funds rates, the strong sales of autos and housing, with unemployment rate growing slightly each quarter of 1998.

Financial Services, Finance and Insurance, Consumption (Economics), Economic history

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Consensus forecasts of financial institutions

Article Abstract:

Financial institutions expect the American economy to remain healthy with moderate economic growth for the year 1997 and 1998. A survey of financial institutions reveals positive outlook with regards to disposable income, consumer spending, inflation rate, unemployment rate and interest rates. On the other hand, automobile sales and housing start are expected to experience slight declines. The American economy is projected to register an annual GDP growth rate of 2.1 percent while nominal personal consumption expenditures and personal disposable income are expected to have annual growth rate of 5 percent.

Gross Domestic Product, United States economic conditions

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Consensus forecasts of financial institutions

Article Abstract:

Issues concerning the consensus between financial forecasters are discussed. It is emphasized that financial forecasters agree on the fact that the global economy in 2001 is going through a period of slowing down in which there may be dangers of recession.

Finance, Forecasting, 2001 AD

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