2004 Will Be USA's Best Year Economically in Last 20 Years!

yahooooooo ^

[ConservativeMan55]

2004 Will Be the U.S.'S Best Year Economically in Last 20 Years, The Conference Board Reports in a Revised Forecast Thursday December 11, 11:01 am ET

NEW YORK, Dec. 11 /PRNewswire/ -- Revising its year-end economic forecast sharply upward, The Conference Board today projected that real GDP growth will hit 5.7% next year, making 2004 the best year economically in the last 20 years. The forecast, by Conference Board Chief Economist Gail Fosler, expects worker productivity, which set a 20-year record in the third quarter, to rise at a healthy 3.6% next year. That would follow a gain of 4.3% this year.

The economic forecast is prepared for more than 2,500 corporate members of The Conference Board's global business network, based in 66 nations.

KEY BAROMETERS FLASHING GROWTH

"Growing business spending and continued strength in consumer spending are generating growth throughout the U.S. economy," says Fosler. "This burgeoning strength is reflected in The Conference Board's widely-watched Leading Economic Indicators, the Consumer Confidence Index and the Help-Wanted Advertising Index. While the labor market, a critical factor in sustaining growth, is growing slowly, a pick-up in hiring may already have begun."

Real consumer spending, which continues to fuel growth, will increase at a 4.7% pace next year, up from about 3.2% this year. Another gain of 4.3% is projected for 2005.

While the U.S. economy is expected to generate more than one million new jobs next year, the unemployment rate will edge down only slightly, averaging 5.6% in 2004.

The Conference Board forecast notes that as the U.S. economy bounces back, so is Europe, although growth will be subdued compared to most other major parts of the world. "For all the concern about a weak dollar," says Fosler, "the dollar will be worth more than the euro by the end of the year."

Real capital spending, which will rise by only 2.7% this year, will climb 11.7% next year and another 8.6% in 2005. Pre-tax corporate operating profits will top $1 trillion next year, up from a projected $928 billion this year. Another trillion-dollar-plus gain in profits is expected in 2005.

The continued recovery in business profits, which was a key ingredient in funding new investment (crucial in making 2004 a strong growth year), depends on price relief. Business profits will benefit from both improved volume and recovering profit margins in 2004, as inflation creeps back toward 3% by the end of the year.

Source: Revised Conference Board Economic Forecast December 2003

[1Old Pro]

Let me just say, if we capture Sadam and OBL and Iraq settles down, Dean won't win a single state.

[ConservativeMan55]

"I'm deeply saddened by this."

[ECM]

At least in OBL's case, it's going to be kinda hard 'catching' paste on a cave wall.

[ConservativeMan55]

He may not win a single town!

LOL!

[babyface00]

20 Years?

Why, wasn't that when Ronald Reagan was in office. Is that a coincidence, or what?

...end sarcasm

[ConservativeMan55]

LOL!

[Flux Capacitor]

----2004 Will Be USA's Best Year Economically in Last 20 Years!----

Hey, whoa there, fellas! I know I'm buying a ton of DVDs but really, not that many....

-Dan

[Pukin Dog]

In other news:

"Today, the heads of Liberal politicians all over America began to spontaneously explode; Film at 11."

[Thinkin' Gal]

2004 Will Be USA's Best Year Economically in Last 20 Years!

What's the source, some yahoo?

[Southack]

Hmmmm, not much noise about "where are those jobs" coming from the Democrats, 3rd Party trolls, and their ilk today!

[ConservativeMan55]

"Everybody knows Bush F'd up the F'n economy!"

[The South Texan]

All together now. 1-2-3

Tom Daschile is Deeply Saddened!

[Flux Capacitor]

----Let me just say, if we capture Sadam and OBL and Iraq settles down, Dean won't win a single state.----

He'll win his own. Vermont's beyond help even without a hometown boy on the ballot. But Bush may just join Nixon and Reagan in the 49-Staters Club.

-Dan

[Free_at_last_-2001]

This is all Bush's fault!

[1Old Pro]

20 Years? Why, wasn't that when Ronald Reagan was in office

Almost predictible isn't it. Reagan wins the cold war, Bush wins the war on terror. Meanwhile Clintoon is impeached, fools around with young interns, and the Dems wonder why they are imploding.

[Constitution Day]

The Bush Economy

[ConservativeMan55]

Your damned right it is!

[blackie]

The pro-terrorist democrats and their lackeys in the media are sad ~ very sad. :)

[Mo1]