The economy: uncomfortably soft in spots

Article Abstract:

The US economy is slowing down due to the anti-inflationary policies being implemented by the Federal Reserve Board (Fed). The slower growth, as evidenced by higher inventories, higher unemployment rates and declining sales, is however, accompanied by a 10% increase in stock market prices. The Fed believes that inflation can be controlled and the economy stabilized through excess industrial capacity and underutilization of resources. To fight inflation, the Fed has set the following goals; a 6% unemployment rate, 85% capacity and a 2.5% real growth rate.

Economic aspects, Reports, Inflation (Finance), Inflation (Economics)

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New paradigms and old economics

Article Abstract:

The current economic conditions of low inflation and unemployment show that the new paradigm is working for the economy. The economy remains strong and based on posted earnings and gross domestic product will continue to be stable. Growth is expected to be between 2% to 3%, unemployment by 5% and inflation rate at 3% through 1997 and into 1998. Second quarter GDP was posted at 2.2% real growth, with business investment accounting for the bulk of the growth. Investment on durable equipment increased at an annual rate of 20% in the second quarter.

Gross Domestic Product, Beliefs, opinions and attitudes, Greenspan, Alan

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Clouds on the horizon

Article Abstract:

Issues are presented concerning the general outlook of the US economy in 2001. Statistics are included which detail inflation, real growth, oil prices and consumer indicators. The cost of oil is discussed.

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