1. Economic forecast summary: July 2014
- Publication Date:
- 07-2014
- Content Type:
- Policy Brief
- Institution:
- Economist Intelligence Unit
- Abstract:
- The Economist Intelligence Unit has lowered its 2014 forecast for real GDP growth to 2.2% from 2.5%. Employment and consumer confidence are strong but the weather-induced slump in the economy at the start of the year was worse than first thought. We expect real GDP to expand by more S economic outlook than 3% at an annual rate in the final three quarters of 2014 and by 3.2% in 2015. Job growth has averaged 231,000 a month over the past four months, and the unemployment rate of 6.3% is the lowest for five years.
- Topic:
- Economics, International Trade and Finance, Labor Issues, and Financial Crisis