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Economy to turn the corner in 2010


Abstract: According to participants in the Chicago Fed?s annual Automotive Outlook Symposium, the nation?s economic decline is forecasted to bottom out this year; solid economic growth is expected in 2010?with inflation staying contained but the unemployment rate remaining high. Light vehicle sales are predicted to fall sharply this year and then to improve in 2010.

Keywords: Automobile industry and trade; Economic conditions;

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Provider: Federal Reserve Bank of Chicago

Part of Series: Chicago Fed Letter

Publication Date: 2009

Issue: Aug

Order Number: 265a