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Federal Reserve Bank of Chicago
Chicago Fed Letter
Economic Growth to Accelerate in 2018 and Then Ease in 2019 as Auto Sales Downshift
William A. Strauss
Thomas Haasl
Abstract

According to participants in the Chicago Fed’s annual Automotive Outlook Symposium (AOS), the nation’s economic growth is forecasted to improve this year and then moderate close to its long-term average in 2019. Inflation is expected to increase in 2018 and to pull back in 2019. The unemployment rate is anticipated to decrease to 3.8% by the end of 2018, but then tick back up next year. Light vehicle sales are predicted to decrease from 17.2 million units in 2017 to 17.0 million units in 2018 and then to 16.7 million units in 201


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William A. Strauss & Thomas Haasl, "Economic Growth to Accelerate in 2018 and Then Ease in 2019 as Auto Sales Downshift" , Federal Reserve Bank of Chicago, Chicago Fed Letter, number 399, 2018.
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Keywords: Automobiles; unemployment
DOI: 10.21033/cfl-2018-399
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