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CBO's Economic Projections for Calendar Years 2008 to 2018 [i] (September 2008)

handle is hein.congrec/cbo8523 and id is 1 raw text is: September 2008 CBO's Economic Projections for Calendar Ycars 2008 to 2018 Actual Forecast 2007a 2008 2009 Projected Annual Average 2010-2013 2014-2018 13,808 4.8 2.0 2.7 2.6 2.2 2.9 2.3 4.6 4.4 4.6 1,642 6,362 11.9 46.1 Nominal GDP (Billions of dollars) Nominal GDP Real GDP GDP Price Index PCE Price IndeXd Core PCE Price Index' Consumer Price Indexf Core Consumer Price Index' Unemployment Rate Three-Month Treasury Bill Rate Ten-Year Treasury Note Rate Tax Bases (Billions of dollars) Economic profits Wages and salaries Tax Bases (Percentage of GDP) Economic profits Wages and salaries Nominal GDP Real GDP GDP Price Index PCE Price Index d Core PCE Price Index' Consumer Price Indexf Core Consumer Price Indexg 4.9 2.3 2.6 3.5 2.2 4.0 2.3 14,3 3 1 2 3 2 4 2 Year to Year (Percentage change) 34 14,873 18,23 1b .8 3.8 5.2 .5 1.1 3.3 .3 .9 .3 .7 .4 2.6 3.1 2.3 3.1 2.4 1.9 1.9 1.9 2.2 2.2 Calendar Year Average (Percent) 5.4 6.2 5.3 1.9 2.7 4.6 3.9 4.4 5.3 1,605 6,616 11.2 46.2 1,586 6,882 10.7 46.3 1,995b 8,376b 10.8 46.1 22,470 4.3 2.4 1.9 1.9 1.9 2.2 2.2 4.8 4.7 5.4 2,505 10,238 11.1 45.7 Fourth Quarter to Fourth Quarter (Percentage change) 3.5 4.2 5.2 0.9 1.8 3.3 2.5 2.4 1.8 4.0 2.5 1.9 2.3 2.2 1.9 4.9 2.2 2.2 2.4 2.3 2.2 Sources: Congressional Budget Office; Department of Commerce, Bureau of Economic Analysis; Department of Labor, Bureau of Labor Statistics; Federal Reserve Board. Notes: GDP = gross domestic product. Economic projections for each year from 2008 to 2018 appear in Appendix C. a. Values as of August 22, 2008. b. Level in 2013. c. Level in 2018. d. The personal consumption expenditure chained price index. e. The personal consumption expenditure chained price index excluding prices for food and energy. f. The consumer price index for all urban consumers. g. The consumer price index for all urban consumers excluding prices for food and energy. 4.3 2.3 1.9 1.9 1.9 2.2 2.2

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