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Although the economy has been recovering from the 2001 recession, its progress has been slow and uneven. ... At the end of 2002, the economy had low inflation and low interest rates; however, layoffs were continuing and companies were reluctant to invest in new capital equipment or rebuild depleted inventories. ... economy, as measured by gross domestic product increased at an annual rate of 2. ... 3% increase in the growth rate of consumer spending, which makes up more than two-thirds of the total economy. ...
National Economic Analysis and Outlook - Continued
The core inflation rate that deducts food and energy prices from the CPI increased at a 1. ... Both the CPI and core inflation index’s indicate inflation isn’t a problem for the economy. ... This measure also indicates inflation isn’t a problem for the economy. ...
National Economic Analysis and Outlook - Continued
Capacity utilization declined slightly over the first six months of 2003 and finished June at 74. ... The Fed hopes that by reducing interest rates businesses will borrow to invest in capital expenditures and improve the economy. ...
Most forecasters believe the economy is poised to begin an extended period of strong income and job growth in the second half of 2003. ... , a national economic consultant, expects GDP to grow at 2. ... The subject operates six KFC franchised fast food restaurants that is tied somewhat to the general economy. ... economy will provide some underlying support for a continuation of the subject company’s growth.
LOCAL ECONOMIC OUTLOOK
The Midwest economy in general, and Minnesotas economy in particular, have fared better than the national average since the last recession started in 1991. ...
Modest growth is projected for the district economy during the second half of 2003 and into 2004, according to the Minneapolis Feds forecasting models.
Approximate Word count = 1366
Approximate Pages = 5.5
(250 words per page double spaced)
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