United States
Article Abstract:
US economic growth has been stronger than expected and has been helped by private investment and consumer spending. An economic slowdown is likely and is likely to be more serious the longer it is delayed. A tighter labor market is affecting profits and is also likely to put pressure on prices. Business fixed investment looks set to slow and a drag is likely to come from the trade sector. Slower growth is forecast for residential construction and consumer spending. Real growth looks set to drop below trend for 3rd qtr 1999, and to continue to weaken to 2000 and during that year. This means that the US budget surplus may be less than forecast.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 1999
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United States
Article Abstract:
The effects on trade in the United States as a result of the Asian economic crisis have been lessened by a large increase in stockbuilding. Consumer spending grew by an estimated annual rate of 4.7% during the second quarter because inflation fell, real income has grown and equity prices have increased by 22% during 1998. Spending is expected to decrease as stock prices fall. Inflation is expected to rise, the growth in employment will slow to about 1% and wage inflation is likely. The Federal Reserve is not expected to raise interest rates during 1998.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 1998
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United States
Article Abstract:
An analysis of the factors affecting the US economy is presented. Tax cuts, automobile sales and interest rates indicate that gross domestic product may grow by up to 2.5% by the fourth quarter of 2001.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 2001
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