They forecast real GDP growth of 3.7 for CY2002 and '03, which looks to be on the rosy side.
mbs -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of Michael Perelman Sent: Monday, August 26, 2002 12:59 PM To: [EMAIL PROTECTED] Subject: [PEN-L:29873] Re: Bushies say NAIRU is 4.9 Are they just trying to lower expectations in anticipation of poor economic performance? On Mon, Aug 26, 2002 at 12:22:35PM -0400, Max B. Sawicky wrote: > . . . but it will take five years to get there. > > (p. 15, Mid-Session Review, OMB) > > > mbs > -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]
