The Conference Board

 

Economic Business Meeting

From the Chief Economist

Bart van Ark
Bart van Ark

 

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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