United States
Article Abstract:
The US economy is expected to grow by 3.6% in 1997. The value of retail sales fell by 1% in the second quarter of 1997, but this reflects the volatility of retail spending, and the forecast is for consumer spending to continue its overall growth. Business investment also looks set to continue its strong growth. Inflation fell to 2.3% in Jun 1997, and the Federal Reserve opted not to increase interest rates. However, the forecast is for these to be raised in 1998, slowing growth to 2.3% in 1998, and to 2% in 1999. Forecasts concerning the current account and federal deficits are included.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 1997
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United States
Article Abstract:
US consumer spending accelerated in 1997, when real personal disposable income rose by 2.8%. The savings ratio dropped, while net financial wealth increased due to stock price rises. Business investment dropped in 4th qtr 1997. A drop in domestic demand in South Korea and Japan is likely to depress US economic growth. Real wages have increased, and this means that the Federal Reserve is likely to raise interest rates in late 1998, despite low levels of inflation.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 1998
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United States
Article Abstract:
Trends in the US economy, such as slower growth, and interest rate changes, are assessed in detail.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 2000
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