U.S. economic and industrial outlooks; Kent model forecasts

Article Abstract:

The Kent model of econometric forecasting predicts a moderate pace of growth for the US economy for 1993. This moderate pace is expected to accelerate in 1994 and beyond. GDP growth, in constant 1987dollars, is projected to reach 2.8% during the year and then climb further to 3.3% in 1994. Inflation is seen to hover between 3% to 4% in the next two years. Short- and long-term interest rates are predicted to rise, however.

Statistics

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Kent Model forecasts

Article Abstract:

The Kent Model forecasts, based on the econometric model operated by the Kent Economic and Development Institute, predicts a sluggish performance for the US economy in 1993. A moderate expansion in output is predicted while unemployment will remain at a high level. The moderate pace of growth is expected to improve, though, starting the 2nd qtr 1993. There are also no indications that another recession is likely.

United States

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

Article Abstract:

The Kent model forecast predicts a moderate pace of US economic growth for 1993 and 1994. GDP growth, in constant 1987 dollars, is pegged at 3.1% for 1993 and will climb up to 3.3% the following year. Job expansion is seen to be slow, but inflation is expected to remain low. Price increases will begin in late 1993 until 1994 and beyond. No substantial decreases are seen for interest rates, however.

Economic development

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