How's It Going?
May 1, 2007 12:00 PM
The biggest red flag is the crashing housing market, but in spite of that, GDP is projected to continue growing in 2007 and 2008.
| Economic Indicator (YOY %) |
2006 | 2007E | 2008E | 1Q 07E | 2Q 07E | 3Q 07E | 4Q 07E |
|---|---|---|---|---|---|---|---|
| GDP Growth | 3.40% | 2.50% | 3.00% | 2.30% | 2.30% | 2.50% | 2.60% |
| Personal Consumption | 3.20 | 3.30 | 3.10 | 3.30 | 3.40 | 3.50 | 3.20 |
| Business Investment | 7.20 | 3.20 | 5.30 | 2.90 | 3.40 | 2.20 | 4.20 |
| Housing Investment | (-4.2) | (-13.1) | (-0.3) | (-16.4) | (-15.9) | (-12.5) | (-7.6) |
| CPI Inflation | 3.20 | 2.20 | 2.20 | 2.40 | 1.90 | 1.80 | 2.90 |
| Unemployment Rate | 4.60 | 4.70 | 4.90 | 4.70 | 4.70 | 4.70 | 4.80 |
| S&P 500 Profits ($ per share) | 15.70 | 6.60 | 7.40 | 8.30 | 4.90 | 4.00 | 9.30 |
| Source: Citigroup Investment Research | |||||||
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