GDP Growth
This graph shows what the NABE Outlook Panel is forecasting for GDP growth in the September 2006 NABE Outlook:
Below-trend growth during the second half of 2006 is the dominant feature in the near-term outlook. GDP growth is expected to remain subdued over the second half of 2006, averaging just 2.6%. On a fourth quarter-over-fourth quarter basis, real GDP growth in 2006 is expected at 3.3%, down from 3.5% in the May survey. Solid gains in consumer spending — albeit restrained by high energy prices — and nonresidential fixed investment are expected to be offset by drag from declining new home construction. For 2007, the NABE panel trimmed its expectations for real GDP growth from 3.0% in the May survey to 2.8%
Find out more about the panelist's economic forecast in the NABE Outlook .