The GDP forecasting index developed by USA Today and IHS Global Insight, which has been pretty darn close to the eventual truth over the past five years, sees a gradually strengthening U.S. economy in the coming six months. But the projected pace of the recovery doesn't appear to be enough to ease our collective malaise.
Oct 10, 2011 1:28 PM
It's been a while since we checked in with the USA Today/IHS Global Insight Economic Outlook Index, which foresaw last summer's near double dip. These days, the data point to predictable growth of more than 3 percent until school gets out. Note, though, that the momentum is forecast to slow heading into summer and that the consensus says 3 percent GDP growth won't put a big dent in unemployment.
Jan 19, 2011 7:09 AM
The latest update to the USA Today/IHS Global Insight Economic Outlook Index projects GDP growth to slow big time this spring and summer. Whereas the indicators point to growth of more than 4 percent this month, that number will have been cut almost in half by August — well below the economy's potential and nowhere near enough to push unemployment down. Should make for some feisty campaign trails.
Mar 25, 2010 7:13 AM