CEA Forecasts Continued Goldilocks Economy

The Economic Report of the President basically paints a glowing picture of a healthy and vibrant U.S. Economy. It credits the President’s tax cuts, EGTRRA and JGTRRA, for providing the liquidity that drove the economy back to health after the recession of 2001.

The Council of Economic Advisors (CEA) forecasts a GDP growth rate of around 3% per year through 2012. Unemployment will increase slightly, but remain below 5%, productivity will slow to 2.6%, and inflation will stay within a comfortable 2-2.6% range.

What Else Does the Economic Report of the President Say?: A summary of the most important trends that affect the U.S. economy.