The April 2011 Wall Street Journal Economic Forecast Survey

The April Wall Street Journal Economic Forecast Survey was published April 11, 2011.  The headline is “Economists See Growth Accelerating Later in Year."

I find the most notable aspects of this survey to be in the survey detail (spreadsheet), in which the economists judge factors that have recently adversely impacted the economy, and also predict whether President Obama will be re-elected in 2012.

The current average forecasts among economists polled include the following:

GDP:
full-year 2011 : 3.2%

Unemployment Rate:
for 6/1/2011: 8.7%
for 12/1/2011: 8.3%

10-Year Treasury Yield:
for 6/30/2011: 3.67%
for 12/31/2011: 4.03%

CPI:
for 6/1/2011: 2.9%
for 12/1/2011: 2.8%

Crude Oil  ($ per bbl):
for 6/30/2011: $103.71
for 12/31/2011: $98.14

(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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The Special Note summarizes my overall thoughts about our economic situation

SPX at 1305.14 as this post is written