Consensus forecasts of financial institutions

Article Abstract:

A survey of financial forecasters reveals that the US economy will grow at a modest pace from 1998 to 2002 with interest rates not expected to rise significantly throughout 1998. The survey also reveals that personal expenditure is expected to grow by 0.5% throughout 1998 with current disposable income rising at an annual rate of 4.8% from 1998 to 2002. Inflation is also expected to remain in check but unemployment is expected to rise and auto sales expected to drop slightly.

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Consensus forecasts of financial institutions

Article Abstract:

Financial economists predict that the economy will continue to progress at a moderate pace and real Gross Domestic Product will accelerate over the next four quarters of 1998. The annual growth is predicted to be 2.3% through 1999-2000. Growth in consumer spending and in plant and equipment investment will likely occur in the upcoming four quarters. The national unemployment rate will still be low, as implied by persistent economic momentum that can improve real GDP.

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Consensus forecasts of financial institutions

Article Abstract:

Economic growth predictions from the US financial front reveal slower economic activity through 1998 and early 1999 than in 1997. There will be a considerable decline in domestic consumption that would be leveled by a strong indication of renewed investment interests by firms on plants and equipment. Likewise, unemployment and inflation rates are expected to remain low with inflation to decline at an annual rate of around 1.9%.

DEPOSITORY INSTITUTIONS, Economic Views, Economic policy, Inflation (Finance), Unemployment, Inflation (Economics)

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