search query: @journal_id 133 / total: 233
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| Author: | |
| Title: | United States |
| Journal: | Economic Outlook
1997 : AUG, VOL. 21:4, p. 26-29 |
| Index terms: | USA SURVEYS FORECASTING GROWTH INFLATION INTEREST RATES |
| Language: | eng |
| Abstract: | Combination of strong growth and falling inflation continues in the second half of 1997, increase in Federal Funds rate is delayed until 1998. Higher interest rates push growth down to 2% in 1999. There will be a modest increase in current account deficit, strong growth cuts budget deficit. Consumer spending will continue to be the key force driving the economy. Consumer spending will rebound in the second half of the year and strong growth will continue until interest rates are raised. |
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