Quarterly GDP Forecast, May 2010 NABE Outlook
The Graph of the Week is the quarterly GDP forecast from the May 2010 NABE Outlook. From the Outlook:
The NABE forecast panel has boosted its expectations for growth in 2010 to 3.2 percent for real GDP from 3.1 percent in its February forecast. The panel is also predicting a 3.2 percent pace of real GDP growth for 2011, meaning a sustained two-year stretch in excess of the economy’s potential—or “trend’—rate of growth. The panel estimates the economy’s potential rate of growth at 2.8 percent over the next five-year period. NABE panelists date the expansion as nearly one year old, with the trough of the previous recession in June of 2009.
NABE members can read the full survey, and download the data, online. There is a summary available to the public.
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