US inflation and unemployment to rise: poll
US economic growth in 2008 will be slower than in 2007, with inflation staying high and unemployment rising, according to a survey of participants at the Chicago Fed's annual Automotive Outlook Symposium.
Light vehicle sales will fall sharply this year and then improve in 2009. Real GDP will grow below trend by 1.2% and by 2.9% in 2009. The participants also concluded that the dollar will decline 2.2% this year and then rise 0.5% next year against a trade-weighted dollar index devised by
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