The January Wall Street Journal Economic Forecast Survey was published January 14, 2011. The headline is “Economists Optimistic On Growth.”
I found a variety of topics seen in the Q&A (spreadsheet tab) to be interesting, including questions on “Grading Central Bankers” and “QE2”.
The current average forecasts among economists polled include the following:
GDP:
full-year 2010 : 2.8%
full-year 2011 : 3.3%
Unemployment Rate:
for 6/1/2011: 9.3%
for 12/1/2011: 8.8%
10-Year Treasury Yield:
for 6/30/2011: 3.6%
for 12/31/2011: 3.97%
CPI:
for 6/1/2011: 1.9%
for 12/1/2011: 1.9%
Crude Oil ($ per bbl):
for 6/30/2011: $88.67
for 12/31/2011: $90.70
(note: I comment upon this survey each month; commentary on past surveys can be found under the “Economic Forecasts” category)
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I post various economic forecasts because I believe they should be carefully monitored. However, as those familiar with this blog are aware, I do not necessarily agree with many of the consensus estimates and much of the commentary in these forecast surveys.
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A Special Note concerning our economic situation is found here
SPX at 1293.24 as this post is written