Economy in lower gear through 2008

Abstract: According to participants in the Chicago Fed's annual Automotive Outlook Symposium, the nation's economic growth in 2008 is forecasted to be slower than in 2007, with inflation staying high and the unemployment rate rising. Light vehicle sales are predicted to fall sharply this year and then improve in 2009.

Keywords: Economic conditions; Economic conditions - Middle West; Automobile industry and trade - Finance;

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Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Chicago Fed Letter

Publication Date: 2008

Issue: Aug

Order Number: 253a