CHICAGO (MNI) – The following is a table of forecasts from the
Federal Reserve Bank of Chicago’s twenty-fourth Annual Economic Outlook
Symposium, published Monday:
2009 2010 2011
(Actual) (Forecast) (Forecast)
Real gross domestic product A 0.2 2.4 3.0
Real personal consumption
expenditures A 0.2 2.3 2.5
Real business fixed investment A -12.7 10.6 7.4
Real residential investment A -13.4 4.7 9.6
Change in private inventoriesb B -36.7 97.2 60.3
Net exports of goods
and services B -330.1 -518.2 -500.1
Real government consumption
expenditures and gross
investment A 0.8 1.5 0.5
Industrial production A -3.8 5.4 4.3
Car and light truck sales
(millions of units) 10.4 11.5 12.7
Housing starts
(millions of units) 0.55 0.60 0.69
Unemployment rate C 10.0 9.6 9.2
Consumer Price Index 1.5 0.9 1.6
One-year Treasury rate
(constant maturity) C 0.35 0.27 0.62
Ten-year Treasury rate
(constant maturity) C 3.46 2.61 3.07
J. P. Morgan Trade-Weighted
Dollar Index A -7.5 1.1 0.0
Oil price (dollars per barrel
of West Texas Intermediate) C 76.07 82.67 85.30
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A Percent change, fourth quarter over fourth quarter.
B Billions of chained (2005) dollars in the fourth quarter at a
seasonally adjusted annual rate.
C Fourth quarter average.
** Market News International Chicago Bureau: 708-784-1849 **
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