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Analysts see solid US economy in 2005

Here are an assortment of good news on the economy
Construction Spending Hits All-Time High
Stocks Rise Sharply on New Economic Data
Stocks Rise; Nasdaq, S&P at 3-Month Highs

During August, Personal income increased by 0.4 percent

Here is the main article

Gross domestic product -- total economic output -- was expected to grow 4.3 percent in 2004 and 3.7 percent in 2005, said a panel of 38 forecasters in the National Association of Business Economists (NABE).

"After a soft patch in the spring quarter the economy appeared to find firmer footing this summer," NABE president Duncan Meldrum said.

"Fortunately, our panel expects the expansion to gain additional traction over the second half of this year and advance at a solid pace in 2005," Meldrum said.

Asked how they might adjust their forecasts, 82 percent of the economists they would make no change for a win by Bush and 58 percent said no change for a win by his Democratic challenger.

Looks like the Economy is picking up right on time. Of interest is that the economists see Bush as a lock (82%) that the economy will grow - but Kerry barely manages a bit more than half (58%). These are the Pros, guys whose livelihood depend on these reports and they factor in oil prices and terrorism as well. I wonder how Kerry will spin this?
Posted by: OldSpook 2004-10-05

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