Tuesday, November 29, 2011

Cleveland Fed Predicts 0.8 Percent Real GDP Growth Next Year

From Federal Reserve Bank Of Cleveland, "Yield Curve and Predicted GDP Growth" November 1, 2011, Covering September 23-October 28, 2011, by Joseph G. Haubrich and Margaret Jacobson:
Projecting forward using past values of the spread and GDP growth suggests that real GDP will grow at about a 0.8 percent rate over the next year

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