Roy H. Webb summarizes the consensus outlook for the current year in "Forecasts 1984." (A more detailed summary of individual forecasts is available in the Federal Reserve Bank of Richmond’s Business Forecasts 1984.) Most forecasters are calling for a continuation of the above-average growth and relatively low inflation of 1983. However, the consensus forecast has not been very accurate in the last two years.
Our Research Focus: Economic Growth and Business Cycles