Don Ratajczak -economic forecast
Article Abstract:
The director of the Economic Forecasting Center at Georgia State University in Atlanta predicts slower future economic recovery in the US. construction and durable goods industries, offset by manufacturing growth created by a declining US. dollar (which should reduce import levels) and the need of corporations to replenish their inventories. These predictions translate to a projected 2.9 percent increase in gross national product for 1986 and an almost recessionary 1.4 percent increase in GNP for 1987. Despite such modest growth predictions, the overall economy for 1986 and 1987 is characterized as gradually re-intensifying inflation, rather than recession.
Publication Name: Business
Subject: Business
ISSN: 0163-531X
Year: 1986
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Muddling through
Article Abstract:
An economic forecast for the US for the fourth quarter of 1989 through the third quarter of 1991 is presented. The forecast predicts that while there will no recession in 1990 and 1991, inflation will strengthen and growth will slow. Specific predictions include: the implicit price deflator will expand 4.5% in 1991; consumer prices will increase by 5.1% in 1991; and GNP growth will increase by only 2.1% in 1990, down from three percent in 1989.
Publication Name: Business
Subject: Business
ISSN: 0163-531X
Year: 1990
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