economic forecast

US will recover slower, says Federal Reserve

November 16, 2010 - 4:31am | Analytics | News

According to the latest stats the US economic recovery will be modest and slower than previously expected. The Federal Reserve Bank of Philadelphia's survey of 43 professional forecasters shows that the economy will grow at 2.2% annual rate in current quarter, down from the estimate of 2.8 percent three months ago.

As for the unemployment rate it was forecast to make up 9.6% in Q4 unchanged from the previous estimate. Meantime, forecasters downgraded the growth in jobs expected over the next four quarters.

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US budget deficit to jump to $9 trillion, Obama promises to cut it half

August 24, 2009 - 8:40am | Analytics | News

According to Reuters, president Barack Obama's domestic policy proposals will face the reality of skyrocketing deficits on Tuesday when the White House budget office and the Congressional Budget Office release updated economic forecasts and deficit estimates, providing further fiscal fodder to opponents of Obama's nearly $1 trillion healthcare overhaul plan.

budget deficit | Domestic policy proposals | economic forecast | financial system | healthcare costs

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Economic forecast: will US face the growth or the recession?

February 23, 2009 - 5:47am | Analytics | News

Group of the leading economists, implementing a new survey, presents a forecast that shows a far deeper and more painful recession ahead in the first half of the year, but a modest pickup in the second half of 2009, followed by a solid recovery in 2010.

economic forecast | economic recovery | growth | recession | survey

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