Assignment:
Discussion
After researching the latest consumer confidence estimates, in addition to the latest unemployment and inflation estimates, do you estimate good or bad times ahead for the U.S. economy in the next five to ten years? You are being asked to consider economic growth (ie the growth of real GDP). Please be specific in your analysis as to what aspects you believe most contribute to your positive or negative outlook.
The latest consumer confidence estimates can be found at https://www.conference-board.org/data/consumerconfidence.cfm and the latest unemployment and inflation data can be found at www.bls.gov under Latest Numbers.
Optional activity: Play the Federal Reserve's economic forecasting game! You can enter specific forecasts on various economic variables and compete nationwide at https://research.stlouisfed.org/useraccount/fredcast/