News Column

2002 Board of Economists Hispanic Economic Outlook

May 2002, HISPANIC BUSINESS Magazine

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Story Tools
National Outlook
1. Real GDP growth is estimated at 1.1 percent for 2001; what is your estimate for 2002?
Negative to zero 0%
Very slow (0.1% to 1.0%) 20%
Slow (1.1% to 2.4%) 60%
Moderate (2.5% to 3.4%) 20%
Robust (3.5% or more) 0%
 
2. Recent economic data indicate that the recession has ended, yet recovery has seemed anemic. How likely is it that the economy will slip back into a recession later this year?
No chance 0%
Less than 50/50 90%
About 50/50 10%
More than 50/50 0%
 
3. Inflation, as measured by the Consumer Price Index, was estimated at 2.8 percent last year; what is your projection for this year?
Relatively tame or nonexistent (less than 1%) 10%
Stable (1% to 2.5%) 60%
Moderate (2.6% to 3.5%) 30%
Relatively high (3.6% or more) 0%
 
4. What do you expect to happen to interest rates for the rest of the year - especially the prime rate, which was 9.5 percent in January 2001 and 4.75 percent in February 2002?
Continue to fall 0%
Remain about the same 60%
Start rising 40%
 
5. What do you expect will happen to housing starts for the rest of the year?
Fall 20%
Remain about the same 50%
Rise 30%
2% or less 10%
2.1% to 3% 50%
3.1% to 4% 40%
4.1% or more 0%