The Economy in Perspective
Dude, Where’s My Economy? … Objectively speaking, the U.S. economy seems to stand on solid ground. Production and spending accelerated throughout 2003; by year’s end, employment had begun to expand, albeit moderately. Moreover, business and consumer sentiment strengthened throughout the year, and the stock market— the ultimate financial arbiter of expectations— rebounded impressively. Mainstream economic forecasts for 2004 anticipate continued solid growth in economic activity, with joblessness receding and inflation remaining dormant.
Suggested citation: "The Economy in Perspective," Federal Reserve Bank of Cleveland, Economic Trends, no. 04-01, pp. 01, 01.01.2004.