The March Wall Street Journal Economic Forecast Survey was published March 14, 2011. The headline is “Jobless Rate at 2012 Presidential Vote Forecast at 7.7%, Highest Since Carter-Ford, but the Trend May Matter Most."
I find the most notable aspects of this survey to be in the survey detail (spreadsheet), in which the economists "grade" both the Obama administration as well as Congressional Republicans regarding their economic policies.
Also of note were the economists' responses regarding the future strength of various major currencies.
The current average forecasts among economists polled include the following:
GDP:
full-year 2011 : 3.4%
Unemployment Rate:
for 6/1/2011: 8.8%
for 12/1/2011: 8.4%
10-Year Treasury Yield:
for 6/30/2011: 3.73%
for 12/31/2011: 4.03%
CPI:
for 6/1/2011: 2.5%
for 12/1/2011: 2.5%
Crude Oil ($ per bbl):
for 6/30/2011: $98.67
for 12/31/2011: $94.97
(note: I comment upon this survey each month; commentary on past surveys can be found under the “Economic Forecasts” category)
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I post various economic forecasts because I believe they should be carefully monitored. However, as those familiar with this blog are aware, I do not necessarily agree with many of the consensus estimates and much of the commentary in these forecast surveys.
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A Special Note concerning our economic situation is found here
SPX at 1296.39 as this post is written
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