Tuesday, December 26, 2006

2007 Economic Growth: The Consensus View

by Bill McBride on 12/26/2006 11:19:00 AM

From the USA Today: Growth or recession in 2007?

In a poll of 21 prominent economists conducted by the Securities Industry and Financial Markets Association (SIFMA), the respondents expected economic growth of a median 2.5% in 2007, down from 3.3% in 2006.

But the difference of opinion is big. In the survey by SIFMA, the estimates for gross domestic product growth ranged from 1.6% to 2.9%.
So the consensus view for 2007 is just below trend growth. See the USA today article for quotes from various forecasters.