Real GDP Forecast - February 2007 NABE Outlook
The Graph of the Week shows the forecast for GDP growth from the February 2007 NABE Outlook. The blue bars show the median forecast, while the red area shows the top and bottom quartiles of the forecast. From the NABE Outlook:
The U.S. economy appears to be transitioning to a sustainable growth path. The NABE forecast panel sees real GDP (gross domestic product) growth starting 2007 modestly and then gaining momentum after midyear. On a fourth-quarter-over-fourth-quarter basis, real GDP is expected to grow 2.8% in 2007, the same pace predicted in the last two surveys and in the middle of the central tendency of the range recently projected by members of the FOMC.
The NABE panel expects growth to then average a somewhat stronger 3.1% over the four quarters of 2008. This pace would somewhat higher than the group’s estimation of the non-inflationary rate of real growth, which stands at 3%.
The NABE Outlook is for members only. There is a summary available for the public.
