These economists based their estimate on anticipated continued increases in consumption, whilst they also forecast slight increases in inflation in 2005. They expect inflation to hold steady in 2006, which would support GDP figures (Ricci, 2005).
The national unemployment rate fell to 5.2 percent at the end of March ("The Work Situation," 2005).
According towards the same survey of economists conducted by the Federal Reserve of Philadelphia, unemployment is expected to fall slightly to 5 percent for 2006. This is in keeping of the overall tenor of the survey that suggests that these economists expect the economy to accomplish as it has in recent quarters without having crucial transform (Ricci, 2005).
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