U.S. economic and industrial outlook: Kent model forecasts

Article Abstract:

The US is expected to achieve 3.1% economic growth in 1995 and 2.9% growth in 1996. Consumer prices, on the other hand, are expected to rise by 3% over the previous year and 3.2% over 1995. The unemployment rate is projected to be 5.6% in 1995 and 5.7% in 1996. Personal income is foreseen to continue its increase in 1995 and 1996. Interest rates will rise in 1995 but will be flat in 1996. These projections are made using the Kent Forecasting System developed by the Kent Economic and Development Institute Inc.

Models

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U.S. economic and industrial outlook: Kent model forecasts

Article Abstract:

Kent model forecasts predict favorable growth for both US economy and industry in 1996-1997. The economy will grow at a slow-to-moderate pace, while industry will post favorable figures. Output of final goods and services measured by growth rate of real GDP will grow 1.8% and 2.1%, respectively. The unemployment rate will be around 5.6% for both forecast years.

Reports, Business forecasting

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