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In macroeconomics, investment "consists of the additions to the nation's capital stock of buildings, equipment, software, and inventories during a year" [1] or, alternatively, investment spending — "spending on productive physical capital such as machinery and construction of buildings, and on changes to inventories — as part of total ...
- Median Forecasts of Real Gross Domestic Product and Related Items
- Results Versus Forecasts
- Economic Outlook For 2018
- Consumer Outlook
- Automotive Outlook
- Steel Industry Outlook
- Heavy Machinery Outlook
- Fiscal Condition of Illinois
- Conclusion
Consumer spending expanded at a solid pace in 2017: Real personal consumption expenditures grew at an annualized pace of 2.5% during the first three quarters of 2017. After the annualized rate of light vehicle sales (car and light truck sales) reached 18.1 million units in December 2016, it began to decline in 2017, eventually coming in at 16 milli...
According to the consensus forecast from the most recent EOS, the growth rate of real GDP in the fourth quarter of 2017 relative to the fourth quarter of 2016 is estimated to be 2.5%—higher than the 2.2% rate predicted at the previous EOS. (For the remaining comparisons of GDP components, annual values are calculated based on the consensus estimate...
The forecast for 2018 is for the pace of economic growth to be slightly above the long-term average. In 2018, the growth rate of real GDP is expected to be 2.3%—a touch lower than the projected 2.5% rate for 2017. The quarterly pattern reveals a fairly steady performance for real GDP growth throughout 2018. Given that the economic growth rate is fo...
Diane Swonk, CEO and founder, DS Economics, presented her outlook for consumers. Swonk began by observing that the United States is currently in the midst of its third-longest economic expansion on record. However, she said there has been an unevenness in the distribution of income gains and employment opportunities among various demographic groups...
Yen Chen, senior industry economist, Center for Automotive Research, provided a lukewarm outlook for U.S. light vehicle sales, at least over the shorter term. According to Chen, domestic auto sales peaked at 17.5 million units at the end of 2016, and they have been trending lower since. He indicated that in North America, auto sales were lagging pr...
Robert DiCianni, manager of marketing and analysis, ArcelorMittal USA, noted that U.S. steel consumption in 2017 rose 5% from 2016, reaching about 106 million tons. Several factors contributed to the growth in domestic steel demand. The energy industry—which uses a lot of steel for extracting and transporting oil and gas—had a strong positive impac...
Eli Lustgarten, president, ESL Consultants Inc., presented a fairly optimistic outlook for the heavy machinery industry. He noted that business investment recorded a solid annualized growth rate of 3.9% in the third quarter of 2017 (equipment purchases by businesses were particularly strong, he pointed out). The Institute for Supply Management’s Ma...
Rick Mattoon, senior economist and economic advisor, Federal Reserve Bank of Chicago, presented his assessment of Illinois’s fiscal condition and potential solutions. Between fiscal years (FY) 1995 and 2010, Illinois was a lower tax state compared with the national average and most neighboring states.1 Rather than raise taxes, it borrowed funds to ...
In 2017, the U.S. economy expanded at a pace somewhat above the historical average. The economy in 2018 is forecasted to grow at a slightly slower pace than it did in 2017, but still above the historical average. Business investment is predicted to moderate in 2018, and the housing sector is projected to improve this year. The unemployment rate is ...
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Investment. Investment is traditionally defined as the "commitment of resources to achieve later benefits". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broader viewpoint, an investment can be defined as "to tailor the pattern of expenditure and receipt of resources to ...
Although UNCTAD predicts a modest recovery of FDI flows in 2017–2018, they are expected to remain well below their 2007 peak. This year’s World Investment Report subtitled Investment and the Digital Economy. It shows that the digital economy is having a major impact on global patterns of investment, and provides important insights on the ...
In December 2017, FOMC expected three rate hikes of 25 basis points each during 2018, which would have raised the Federal funds rate from the 1.25–1.50 percent range at the end of 2017 to the 2.00–2.25 range at the end of 2018. The rate hike in December was the fourth rate hike of 2018.
Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies .
Dec 20, 2018 · The global economy started 2018 on an upbeat note, buoyed by a pickup in global manufacturing and trade through 2017. As investors’ confidence in the global economic outlook lost steam, so did the upswing.
