Economy on Cruise Control in 2010 and 2011
Britton Lombardi, William A. Strauss
According to participants in the Chicago Fed’s annual Automotive Outlook Symposium, solid economic growth is forecasted for the nation this year and in 2011. Inflation is expected to remain contained, but the unemployment rate is anticipated to remain high. Light vehicle sales are forecasted to improve moderately in 2010 and 2011.
