Forecasts

GDP Growth 2019 and 2020 World: 3.3%, 3.2% United States: 2.5%, 1.9% Eurozone: 1.4%, 1.5% China: 6.2%, 6.0% Japan: 0.6%, 0.6% United Kingdom: 1.3%, 1.2% Brazil: 2.3%, 2.6% Russia: 1.4%, 1.8% Canada: 1.8%, 1.8% India: 7.3%, 7.2% South Korea: 2.7%, 2.6% Mexico: 1.9%, 2.2%

Insights & comments… GDP: 2.7% in ’19, down from 2.9% in ’18 INTEREST RATES: 10-year T-notes ending ’19 at 3.6%, from 3.2% at EO ’18 INFLATION: 2.4% at end of ’19, unchanged from end of ’18 UNEMPLOYMENT: Dropping to 3.4% by end of ’19, from 3.7% at end of ’18 CRUDE OIL: Trading from $65

Insights on the economy’s next moves… GDP: 3.0% pace in ’18, up from 2.3% in ’17 JOBS: Big job gains will continue, but reflect a strong economy INTEREST RATES: 10-year T-notes at 3.3% by end ’18 INFLATION: 2.6% in ’18, up from 2.1% in ’17 BUSINESS SPENDING: Up 7% in ’18, boosted by expanded tax breaks ENERGY: Crude trading from $60

GDP By David Payne [Last updated: June 27, 2014] Look for the economy to pick up speed in the second half of 2014, with GDP rising at about a 3% annualized rate as the expansion cycle matures and hindrances to growth ease. Given the dismal first quarter (a -2.9% growth rate) and the likelihood that

Tool | March 2013 Economic Outlooks ↔ GDP growth. Though slow in early ’13, around 2% for the year ↔ Interest rates. Little change through mid-’13, 10-year T-notes at year-end, 2.25% ↑ Business spending. About a 4%gain in ’13, half of ’12’s pace ↑ Housing sales. Existing homes up 7.5% in ’13, new ones more than

Crude oil is on the way up… Expect volatility; trading at about $100 to $105 per barrel by summer. The baseline for this forecast is WTI Crude Oil, which opened at $93.61 per barrel today. Also, note that his forecast is down from previous estimates (i.e., $105 to $110 per barrel by summer). Sources: OilPrice.com & Oil-Price.net.