Facebook

Twitter

StumbleUpon

Email

topics:

Currencies

vote downundo vote up flag

cboblog.cbo.gov - 3/24/2009

CBO’s Economic Projections

—

The CBO’s budget projections released last Friday are based in part on our economic forecast. In this blog entry, I want to discuss how our projection of real (that is, inflation-adjusted) GDP, one of the most important economic factors in the budget projections, compares with two other ...

3

globaleconomydoesmatter.blogspot.com - 3/21/2009

Slovenia's Economy Falls Off The Roof, While Slovakia Slides Into Recession

— globaleconomydoesmatter.blogspot.com — by Edward Hugh: Barcelona "Most other countries in the region are faring much better, though....Like Slovenia, which... joined two years ago, Slovakia can enjoy the full protection of rich Europe’s currency union, rather than just the indirect benefit of being due to join it some day." The ... (more) Slovenia's Economy Falls Off The Roof, While Slovakia ...

Stocks

Recession

Gross Domestic Product

Comments vote downundo vote up Edwardhugh posted 3/21/2009posted this

6

japanjapan.blogspot.com - 3/30/2009

Japan - Engine Failure

— japanjapan.blogspot.com — By Claus Vistesen: Copenhagen Last time I had Japan under the loop I asked whether there was... no end in sight for Japan's economy and as I wind up for another close look, I must say that it is still very difficult to find good news if any at all. However, and for the sake of argument I thought ... (more) Japan - Engine Failure

Stocks

Comments vote downundo vote up Edwardhugh posted 3/30/2009posted this

2

fistfulofeuros.net - 3/30/2009

Italy’s Economic Contraction Accelerates

— fistfulofeuros.net — There is no doubt about it: Italy’s economic situation has worsened considerably during the current quarter. Only... last week the OECD forecast that Italy’s gross domestic product is likely to fall by 4.2 percent in 2009. This follows hot on the heals of an earlier statement where the ... (more) Italy’s Economic Contraction Accelerates

Stocks

Comments vote downundo vote up Edwardhugh posted 3/30/2009posted this

Leave a Comment

links for 2009-03-24
Economist's View — ... Or Buying Toxic Assets: A False Dichotomy - EconoSpeak Warming Up To Geithner - Obsidian Wings One person's perspective on bonuses - Richard Green Financial advice causes 'off-loading' in the brain - EurekAlert Credit Default Swaps Need Much Stricter Regulation - George Soros A Housing Bottom? - No Empty Wallets Obama's last hope - RGE CBO’s Economic Projections - CBO Director’s Blog The threat posed by ballooning Federal ...

The Coming Slowdown in Potential Growth
Greg Mankiw's Blog — From CBO director Doug Elmendorf: Projected growth from 2015 to 2019 is also below historical average growth rates, a difference that is more than accounted for by slower growth in the labor force because of the retirement of the baby boom generation. Over the postwar period, the labor force grew at an average annual rate of 1.6 percent; by contrast, we project it to grow only 0.4 percent per year in the period from 2015 through 2019. As a result, potential GDP grew 3.4 percent per year on average in the postwar period, but CBO ...

Longrun slowdown
SCSUScholars — Another reason for the less optimistic forecast from CBO comes from their projection that, on average, long-run economic growth of natural or potential GDP will slow. For the next few years, CBO projects faster growth than the Blue Chip, as the economy grows back toward CBO’s estimate of potential GDP (which corresponds to a high level of use of labor and capital resources). Still, the CBO forecast assumes that the gap between actual and potential output closes more slowly than in previous recoveries because of a ...

A context for 150,000 jobs
SCSUScholars — ... P.S. In the New York Times article linked in the first paragraph Robert Reich argues that we would need a 4.5% GDP growth rate to reduce unemployment. Yet the CBO is saying the potential GDP growth rate is 2.7% and slowing. Reich's number seems high to me. ...