Continuing rolling adjustments keep recession out of forecast

Article Abstract:

An economic forecast for the US for the 3rd qtr of 1987 through the 2nd qtr of 1989 is presented. Reduced unemployment and increased economic activity are expected during this period. The economy is weak in construction and consumers have reduced spending, but improved inventories and trade activity may counterbalance these factors. Inflation has increased the Consumer Price Index (CPI), but consumer restraint will keep the CPI increase to 4.3% in 1988. Interest rates will not rise significantly over the next two years, due to an increasing inflationary environment. Double-digit mortgage rates will return, bringing housing activity to 1.6 million units or less in 1988.

United States, Finance, Housing, Inflation (Finance), Consumer price indexes, Inflation (Economics)

---

Persian Gulf crisis sends U.S. economy into recession

Article Abstract:

Petroleum price increases resulting from the 1990 Iraq-Kuwait Crisis have sent the US economy into a recession deeper and sooner then would have occurred without the conflict. Economic activity will expand only 1.1% in 1991, and only 0.5% in 1992. A recovery may begin in the spring of 1992. The higher oil price will push inflation higher, forcing the consumer price index up 5.2% in 1991, and 5% in 1992. Unemployment will increase 1% by the end of 1991. Interest rates should begin to subside late in 1991, and the prime rate should drop to 8.5% by the summer of 1992.

Economic aspects, Prices and rates, Petroleum products, Recessions, Iraq-Kuwait Crisis, 1990-1991

---

Recession watch has been cancelled

Article Abstract:

An analysis of the current economic conditions for the end of 1989 indicate that no significant economic imbalances exist, resulting in the prediction that moderate economic growth is forecasted for 1990 and 1991. However, some slowing is expected due to such things as: increases in automobile costs; lower consumer purchases; and reduced employment gains.

Statistics, Economic forecasting, Employment forecasting

Similar abstracts:

• Abstracts: Characterizing predictable components in excess returns on equity and foreign exchange markets. The bright side of internal capital markets
• Abstracts: A different sameness expected in next two years. Auto adjustments ending with no recession in sight. Sluggish economic growth to continue two more years
• Abstracts: SSAP 12 (revised) accounting for depreciation. A better appreciation of depreciation. Statement on the publication of SSAP 12 (revised) accounting for depreciation
• Abstracts: The horizon widens and auditors face new watershed. Law reform: It's in need of reform. Independence: a new perception needed
• Abstracts: The future of accounting standards. Changing roles on the City stage. The future of the accountant in industry

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.