Sunday, March 1, 2009

The guessing game….

Growth forecasts used to put out the new Obama administration budget, followed by the consensus forecast of a panel of "Blue Chip" private forecasters (Source Greg Mankiw – follow his blog to the right.).

                        Obama        Private
2009:                 -1.2%           -1.9%
2010:                +3.2%           +2.1%
2011:                +4.0%           +2.9%
2012:                +4.6%           +2.9%
2013:                +4.2%           +2.8%

Accumulating the difference, Team Obama projects about 6 percent higher GDP in 2013 than private forecasters.

No comments:

Post a Comment