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    economic forecasts for real GDP

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    I require a little assistance on the below, approx 200 words on the following topic :

    Identify economic forecasts for real GDP, the unemployment rate, the inflation rate, a key interest rate, and the value of the dollar. What do your forecasts imply about the relative strength of the economy during the next two years? How will your firm be impacted?

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    Real GDP is forecast to contract by 3.1% in 2009 as the financial crisis and the housing downturn take their toll on domestic demand. Average consumer price inflation is set to turn negative in 2009 as a result of declining commodity prices. Inflation should turn positive again in 2010, but will remain low owing to the severe weakness of domestic demand.

    Reference: http://www.economist.com/countries/USA/profile.cfm?folder=Profile-Forecast

    The unemployment ...

    Solution Summary

    Identify economic forecasts for real GDP, the unemployment rate, the inflation rate, a key interest rate, and the value of the dollar. What do your forecasts imply about the relative strength of the economy during the next two years? How will your firm be impacted?

    $2.19

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