Economic Growth to Decelerate in 2019 and Then Ease Further in 2020 as Auto Sales Downshift

Kelley Sarussi and William Strauss

Chicago Fed Letter, 2019, No 417

Abstract: According to participants in the Chicago Fed?s annual Automotive Outlook Symposium (AOS), the nation?s economic growth is forecasted to slow this year and then moderate close to its long-term average in 2020. Inflation is expected to decline in 2019 and to edge higher in 2020. The unemployment rate is anticipated to move down to 3.6% by the end of 2019, but then tick back up next year. Light vehicle sales are predicted to decrease from 17.2 million units in 2018 to 16.8 million units in 2019 and then to 16.6 million units in 2020.

Keywords: Automobiles; automobile supplies industry (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.chicagofed.org/~/media/publications/ch ... /2019/cfl417-pdf.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedhle:00107

Ordering information: This journal article can be ordered from

DOI: 10.21033/cfl-2019-417

Access Statistics for this article

More articles in Chicago Fed Letter from Federal Reserve Bank of Chicago Contact information at EDIRC.
Bibliographic data for series maintained by Lauren Wiese ().