Recording market performance
Markets

White House cuts growth forecasts for next budget

The big O releases his forecasts for FY 2017

GDP Assumptions

  • 2016 2.6% vs 3.0% prior
  • 2017 2.6% vs 2.8% prior
  • Long run GDP unchanged at 2.3%

CPI

  • 2016 1.5% vs 1.9% prior
  • 2017 2.1%
  • 2018 2.1%

Deficit

  • 2016 3.3% of GDP vs 2.3% prior
  • 2017 2.6% vs 2.2% prior

Unemployment

  • 2016 4.7%
  • 2017 4.5%
  • 2018 4.6%

The latest forecasts are updated from the prior mid-season numbers

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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