The Conference Board

 

Economic Business Meeting

From the Chief Economist

Bart van Ark
Bart van Ark

Defining a Sustainable Global Growth Model
Given concerns about the current state of the global economy and not-so-great prospects for recovery in the short run, it is important not to lose sight of key issues for the longer term ... more

Also:
Productivity Can Help Pull Economies Through a Slowdown
The Global Inflationary Spurt May Leave Lasting Legacy
More Negatives than Positives in Recent U.S. Economic Signals
GDP Positive Sign, But No Quick Recovery in Sight

Listen to Bart van Ark's interview on NOVA TV.

 

The U.S. Economic Forecast

Updated: August 5, 2008

 2008

2009

2007

2008

2009

II Q*

III Q

IV Q

I Q

II Q

III Q

Annual

Annual

Annual

Real GDP

1.9

0.8

0.9

0.7

1.3

2.6

2.0

1.6

1.3

CPI Inflation

4.8

10.2

7.5

3.2

3.0

3.0

2.9

5.3

4.8

Real Consumer Spending

1.5

0.7

0.7

0.9

1.3

2.1

2.8

1.2

1.2

Unemployment Rate (%)

5.3

5.6

5.8

6.1

6.2

6.1

4.6

5.4

6.1

90 Day T-Bills (%)

1.63

1.63

1.88

2.13

2.38

2.53

4.38

1.82

2.46

10 Yr Treas Bonds (%)

3.88

3.96

4.06

4.31

4.56

4.79

4.63

3.89

4.68


* Actual data

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