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Below is a summary of Econosystems' latest economic forecast for the United States:
| United States Gross Domestic Product by Expenditure Type |
| Percent Change from Prior Year - Historical and Econosystems Forecast |
| |
Personal Consumption Expenditures |
Nonresidential Structures |
Nonresidential Equipment and Software |
Residential Investment |
Government Consumption Expenditures & Gross Investment,
% change |
Exports |
Imports |
Real Gross Domestic Product |
| |
| |
| |
| 2007 |
2.3 |
14.1 |
3.3 |
-18.7 |
1.3 |
9.3 |
2.4 |
1.9 |
| 2008 |
-0.6 |
6.4 |
-4.3 |
-23.9 |
2.6 |
6.1 |
-2.7 |
-0.3 |
| 2009 |
-1.9 |
-21.2 |
-16.0 |
-22.2 |
1.7 |
-9.4 |
-13.6 |
-3.5 |
| 2010 |
2.0 |
-15.8 |
14.6 |
-4.3 |
0.7 |
11.3 |
12.5 |
3.0 |
| 2011-f |
2.3 |
8.0 |
9.1 |
-2.0 |
-1.9 |
6.5 |
5.0 |
1.7 |
| 2012-f |
2.4 |
10.5 |
10.0 |
10.0 |
0.4 |
7.9 |
6.9 |
2.5 |
| Selected Economic Indicators, Historical and Econosystems Forecast |
| |
US $ per Euro |
Value of the US$, FRB Broad Index* |
Consumer Price Index, annual average |
Industrial Production |
Housing Starts |
Civilian Unemployment Rate |
Oil Prices, West Texas Intermediate Dec. avg. |
| |
| |
| |
| |
Dec. average |
% change from prior yr. |
Millions |
Percent |
$ per barrel |
| 2007 |
1.46 |
99.5 |
2.9 |
2.6 |
1.36 |
4.6 |
91.73 |
| 2008 |
1.35 |
108.5 |
3.8 |
-3.7 |
0.91 |
5.8 |
41.02 |
| 2009 |
1.46 |
101.1 |
-0.3 |
-11.2 |
0.55 |
9.3 |
74.30 |
| 2010 |
1.32 |
99.8 |
1.7 |
5.3 |
0.59 |
9.6 |
89.04 |
| 2011-f |
1.35 |
100.3 |
3.9 |
3.3 |
0.57 |
9.1 |
85.95 |
| 2012-f |
1.37 |
96.5 |
2.7 |
1.9 |
0.65 |
8.6 |
95.00 |
| *January 1997=100. A weighted average of the foreign exchange value of the U.S. dollar against the currencies of a broad group of major U.S. trading partners. For a list of the 26 countries included in the broad index see table 3 of "Indexes of the Foreign Exchange Value of the Dollar," http://www.federalreserve.gov/pubs/bulletin/2005/winter05_index.pdf |
PDF Download: West Coast Economic Summit Presentation, 10/24/2011
| Please contact Anne Wenzel at 1-866-200-9650 if you need
a customized outlook & analysis written. |
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For more insights on the economy, markets and life as an entrepreneur, visit Anne Wenzel’s “Reflections of an Economist” blog.
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