This quarterly report focuses on the latest economic developments in the U.S. economy, tracking trends in labour, consumer, energy and housing markets, and examining industries and regions. Monetary and fiscal policy assumptions are also included.
U.S. Outlook Spring 2009
U.S. Outlook Spring 2009
Global Economic Analysis
$975.00
- Real GDP will decline by 2.5 per cent in 2009 before rebounding somewhat and expanding by 2.1 per cent in 2010.
- Exports, which helped keep the U.S. economy above water in the first half of last year, are tumbling and have been cut by one-third since peaking last summer.
- The housing market remains in a slump despite the reduction in mortgage rates over the last few months. However, there are some tentative signs that the relentless decline in sales may be coming to an end.
- The current outlook calls for interest rates to remain low until the second quarter of 2010.
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