BOE Advisory Council July 25, 2013 The Economic Outlook Joe Fitz Chief of Research and Statistics Board of Equalization.

Slides:

Advertisements

Similar presentations

National Economic Conditions John Weinberg August 11, 2010.

Advertisements

National Economic Indicators Ray Owens May 20, 2014.

Emerging Growth: Mid- Decade Economic Trends University of North Texas Center for Economic Development and Research December 2014.

World GDP. Nominal Gross Domestic Product Real Gross Domestic Product, Chained 2005 Dollars.

Tracking the Recovery December 12, Real Gross Domestic Product Source: Bureau of Economic Analysis via Haver Analytics.

November 2010 The copyright laws of the United States (Title 17 U.S. Code) forbid the unauthorized reproduction of this report by any means, including.

ECONOMIC INDICATORS. Real GDP Growth Gross Domestic Product (GDP) measures the dollar value of all goods and services produced in the U.S. economy in.

U.S. Economic Outlook A Relatively Fast Manufacturing Growth Pace Amid Modest Gains In The Overall Economy Presented by: Daniel J. Meckstroth, Ph.D. Vice.

Introduction to Business © Thomson South-Western ChapterChapter Economic Activity Measuring Economic Activity Economic Conditions Change.

The Long Road to Recovery Matthew N. Murray, Ph.D. July 1, 2009.

Emerging Growth: Mid- Decade Economic Trends University of North Texas Center for Economic Development and Research April 2015.

British Columbia Economic Outlook Carol Frketich, BC Regional Economist.

Understand the role of business in the global economy. 1.

Prince William Chamber of Commerce October 13, 2011 What Kind of Recovery Has It Been and the Outlook for the Economy’s Future Stephen S. Fuller, PhD Dwight.

Agricultural Economics Macroeconomic Situation and Outlook Fall 2003 Craig Infanger Larry Jones.

Economic Indicators. Concepts  Variables that provide information about the state of the economy.  Every economic indicator has a story to tell.  Need.

Agricultural Economics Economic Outlook 2010 Craig Infanger October 2009.

Essential Standard 1.00 Understand the role of business in the global economy. 1.

THE FIVE-YEAR ECONOMIC OUTLOOK AND REMARKS ON U.S. STIMULUS PROGRAMS REBALANCING THE ECONOMY SO MORE GROWTH COMES FROM INVESTMENT AND EXPORTS Presented.

March 2008 The copyright laws of the United States (Title 17 U.S. Code) forbid the unauthorized reproduction of this report by any means, including facsimile.

The Great Economic Unraveling of : Impacts on the U.S. and Texas Bernard L. Weinstein, Ph.D. Cox School of Business Southern Methodist University.

Brett Hammond, Ph.D. Managing Director and Chief Investment Strategist, TIAA-CREF ARE WE THERE YET? THE “NEW NORMAL” ECONOMY AND WHAT IT MEANS FOR INVESTORS.

Photos courtesy of USDA Maria Akers Assistant Economist Federal Reserve Bank of Kansas City Omaha Branch September 22, 2008 Economic.

Economic Outlook March 2012 Economic Policy Division.

1 Briefing on the Regional Economy Presented to the New York State Network for Economic Research Rockefeller Institute for the Study of the States Albany,

Bernard L. Weinstein, Ph.D. Presentation to ISM-Dallas January 10, 2008 A Falling Dollar, $100 Oil, and the Sub-Prime Mess: Is a Recession Inevitable?

1 Coping With The Limits of Macroeconomic Policy The Recovery from the Great Recession In this presentation National forecasts are produced by Global Insight,

DBIA-MAR Luncheon February 19, 2013 The U.S. and Washington Area Economies’ Current Economic Performance and Near-Term Outlook Stephen S. Fuller, Ph.D.

West Alabama Real Estate Summit Tuscaloosa, AlabamaAugust 24, 2012 Ahmad Ijaz Center for Business and Economic Research Culverhouse College of Commerce.

U.S. Economy based on FRED *Some data not updated due to gov’t shutdown in Oct. October 25, 2013 Thank you, Federal Reserve Bank of St. Louis.

Essential Standard 1.00 Understand the role of business in the global economy. 1.

The Outlook for the U.S. Economy and Home Improvement Spending James Gillula Managing Director, Consulting Services IHS Global Insight April 2014.

Economic and Manufacturing Outlook Presented by: Dan Meckstroth, Ph.D. Vice President and Chief Economist

Understand the role of business in the global economy. 1 All Images Compliments of

What of the future? Gabriel Martinez, Ph.D. Ave Maria University August , % 0.6%

Essential Standard 1.00 Understand the role of business in the global economy. 1.

U.S. Housing Outlook Presented By: Stanley F. Duobinis, Ph.D. President Crystal Ball Economics, Inc.

Financial Market and Economic Outlook Richard Kaglic April 15, 2010.

Essential Standard 1.00 Understand the role of business in the global economy. 1.

US Economic Overview James F. Smith, Ph.D. SIOR Chief Economist MIPIM 2004.

ECONOMIC OUTLOOK AND MONETARY POLICY RECOMMENDATIONS November 2, 2012 New York, NY.

Economic Outlook: Continued Growth: How Much Longer? San Rafael, CAOctober 29, 2015 Robert Eyler, Ph.D. CEO and Chief Economist Marin Economic Forum

William F. Fox, Director Center for Business and Economic Research The University of Tennessee, Knoxville November 17, 2015 The 2016 Economy Looks Like.

Economic Outlook December 2014 Economic Policy Division.

Larry DeBoer Purdue University August Real GDP Growth.

ESSENTIAL STANDARD 1.00 UNDERSTAND THE ROLE OF BUSINESS IN THE GLOBAL ECONOMY. 1.

Notes MEASURES OF ECONOMIC ACTIVITY.  3 Main Measures of Economic Activity  Gross Domestic Product  Labor Activities  Consumer Spending HOW IS ECONOMIC.

The Recovery from the Great Recession In this presentation National forecasts are produced by Global Insight, Inc. State and Metropolitan forecasts are.

Introduction to the UK Economy. What are the key objectives of macroeconomic policy? Price Stability (CPI Inflation of 2%) Growth of Real GDP (National.

NAPM Regional Economic Update January 15, 2013 Grant D. Forsyth, Ph.D. Chief Economist

Gross Domestic Product Definition of Gross Domestic Product Why are Changes in Real Gross Domestic Product Important? Explanations of GDP and its Components.

Essential Standard 1.00 Understand the role of business in the global economy. 1.

1 National and Selected Regional Economic Conditions & Outlook March 24, 2015 Larry “Chip” Filer, Ph.D.

Essential Standard 1.00 Understand the role of business in the global economy. 1.

Creating a Forecast Charles Steindel January 21, 2010 All views expressed are those of the author only and not necessarily those of the Federal Reserve.

Essential Standard 1.00 Understand the role of business in the global economy. 1.

Robert A. Kleinhenz, Ph.D. Chief Economist, Kyser Center for Economic Research, LAEDC Economic Forecast & Industry Outlook Lakewood Chamber of.

New Annual National Accounts Publication

National Economic Conditions

Understand the role of business in the global economy

Economic Policy Division

Understand the role of business in the global economy.

Economic Outlook September 2016

Federal Reserve Bank of Richmond

Introduction to the UK Economy

Economic Update & Outlook Arizona State Board of Equalization

Understand the role of business in the global economy.

SECOND-LONGEST us EXPANSION IN HISTORY, CAN IT SET A RECORD?

Community bankers of Michigan February 1, 2019 Troy, mi

Understand the role of business in the global economy.

Presentation transcript:

BOE Advisory Council July 25, 2013 The Economic Outlook Joe Fitz Chief of Research and Statistics Board of Equalization

Actual Forecast 1/ Real Gross Domestic Product (Percent Change)1.8%2.2%1.6%2.7% Consumer Price Index (Percent Change)3.1%2.1%1.3%1.5% Unemployment Rate (Percent)8.9%8.1%7.6%7.2% Ten-Year U.S. Treasury Bond Rates2.8%1.8%2.2%2.7% 1/ Source: Global Insight July 2013 forecast U.S. Economic Forecast Selected U.S. Economic Indicators

Real Gross Domestic Product

Real Growth by Component of Consumption

Real Growth by Component of Nonresidential Investment

Real Growth by Component of Residential Investment

Real Growth of Exports and Imports

Real Growth of Government Spending

Consumer Prices

U.S. Gasoline Prices (Cents/gallon)

U.S. Unemployment Rate (%)

Federal Deficit (Federal FY, Billions $)

Ten-Year Treasury Note Yield (%)

Monthly Financial Obligations as a Percent of Disposable Income

Percent Change in U.S. Nonfarm Payrolls

U.S. Employment Growth

May Revision Forecasts for California Unemployment Rates9.4%8.6% Nonagricultural Employment Growth2.1%2.0% Personal Income Growth2.1%5.7% Taxable Sales3.9%7.5% Housing Permits (Thousands of units)82121

Changes in Taxable Sales From 2006 to 2011 (Top Ten Cities Ranked by Population)

2011 Per Capita Taxable Sales (Top Ten Cities Ranked by Population)

Cities Expanding in Taxable Sales (Ranked by Population of the Top Ten Expanding Cities)

Cities Not Expanding in Taxable Sales (Ranked by Population of the Top Ten Cities Not Expanding)

2010 and 2011 Changes in Taxable Sales (Top Ten Cities Ranked by Population)

2010 and 2011 Changes in Taxable Sales Cities Expanding in Taxable Sales

2010 and 2011 Changes in Taxable Sales Cities Not Expanding in Taxable Sales

Questions???