Economic forecasts

May 4, 2012

  • ↑   GDP growth: 2.3% this year, up from 1.7% in 2011
  • ↑   Interest rates: 10-year Treasuries near 2.5% by year-end
  •    Inflation: 2% in 2012 after hitting 3% in 2011, in spite of an        energy bump
  •    Unemployment: Around 8% by year-end, despite possible upticks earlier
  • ↑   Crude oil: Highly volatile; trading at $105-$110 per barrel by summer
  • ↑   Trade: More imports added than exports; deficit climbing to $620 bil. in 2012
  • Commercial property: Jitters over rising energy costs slowing down deals

Source: Kiplinger

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