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Macroeconomic Forecast
Mercedes Martishius
ECO553
September 15, 2004
Abstract
Since the middle of 2000, our economy has had many challenges: equity prices have declined, capital spending has fallen, the terrorists' attacks of September 11, Corporations such as Enron have shown their ugly sides, and wars in Afghanistan and Iraq. Had any combination of these events happened two or three decades ago our economy would have suffered a serious contraction. Remarkably, over the past three years, activity has expanded, offering clear evidence of a flexible, more resilient, economic system. The following paper will attempt to prove just how resilient our economy is by focusing on four economic indicators; Employment Growth, Interest Rates, Retail Sales and Inflation.
Macroeconomics Forecast
Employment Growth
The Bureau of Labor Statistics (BLS) and the U.S. Department of Labor has compiled a 10-year projection of economic growth. These statistics are widely used in...
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Title: Macroeconomic Forecast
Approximate word count: 2060
Approximate pages: 9 (250 words per double-spaced page)
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