This quarterly report focuses on the latest economic developments in the U.S. economy, tracking trends in labour, consumer, energy and housing markets, and examining industries and regions. Monetary and fiscal policy assumptions are also included.
U.S. Outlook Autumn 2005
U.S. Outlook Autumn 2005
Global Economic Analysis
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- Hurricane Katrina will have a negative impact on the U.S. expansion this year but it will not derail the economy.
- In 2006, real GDP growth of 3.1 per cent is anticipated.
- Soaring energy costs will result in a slowdown in real consumer spending in 2006.
- The U.S. current account deficit will continue to grow next year, in part due to the impact of high world oil prices.
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