Economic
Projections for 2002 -- Updated 7/16/02
|
|
Governors and Bank
Presidents |
Indicator |
|
Range |
Central
Tendency |
(Change, 4th quarter to 4th
quarter) |
Nominal GDP |
|
4.5 - 5.5 % |
4.75 - 5.25% |
Real GDP |
|
3 - 4% |
3.5 - 3.75 % |
PCE
chain-type price index |
|
1.25 - 2.0% |
1.5 - 1.75% |
(Average Level, 4th quarter) |
Civilian unemployment rate |
|
5.5 - 6.25% |
5.75 - 6.0% |
Economic
Projections for 2003 -- Updated 7/16/02
|
|
Governors and Bank
Presidents |
Indicator |
|
Range |
Central
Tendency |
(Change, 4th quarter to 4th
quarter) |
Nominal GDP |
|
4.5 - 6.0 % |
5.0 - 5.75% |
Real GDP |
|
3.25 - 4.25% |
3.5 - 4.0 % |
PCE
chain-type price index |
|
1.0 - 2.25% |
1.5 - 1.75% |
(Average Level, 4th quarter) |
Civilian unemployment rate |
|
5.0 - 6.0% |
5.25 - 5.5% |
|