US economic forecast 2007
U.S. GDP Gross Domestic Product Forecast
Billion US Dollars. Annual Rate Seasonally Adjusted.
Forecast Value
2007 Aug 13,887
2007 Sep 13,887
2007 Oct 14,022
2007 Nov 14,022
2007 Dec 14,022
2008 Jan 14,113
50% Correct 32 40 45 49 53 56
80% Correct 54 66 75 81 87 92
Updated Saturday, August 11, 2007
BEA: News Release: Gross Domestic Product
Current-dollar GDP
Current-dollar GDP -- the market value of the nation's output of goods and services -- increased
6.2 percent, or $204.0 billion, in the second quarter to a level of
$13,755.9 billion. In the first quarter,
current-dollar GDP increased 4.9 percent, or $159.6 billion.
So, if you take the GNP at about $14 trillion with a ~3% growth
You still have a $9 trillion of debit
Congressional Budget Office projections
Unexpectedly strong revenue growth" has improved the outlook quite a bit, says Mr. McMullen.
In the CBO projections, for example, the nation's public debt is forecast to fall from
37 percent of GDP in 2006 to 30.5 percent of GDP in 2012.
(
These figure are done with out the compounded interest of the foreign owed debt.)
Check out the CIA's country profile on the USA
Inflation rate (consumer prices): 2.5% (2006 est.)
Investment (gross fixed): 16.6% of GDP (2006 est.)
Public debt: 64.7% of GDP (2005 est.)
Budget:
revenues: $2.409 trillion
expenditures: $2.66 trillion; including capital expenditures of $NA (2006 est.)
When the public debt is a
higher % of the GDP and investment is a
lower % of the GDP, and expenditures are greater than revenues, we have an
"negative economic imbalance"
So, that is why a 9 trillion dollar debt structure that is owned by international monetary corporations(banks) is an important economic indicator of economic stress. This is not limited to the USA it is world wide. The $900,000 billion or so collected from personal income tax is used to pay the interest on this imbalance, so there is really no chance of a recovery, just staying off the inevitable collapse.
