Both the overall U.S. Gross Domestic Product (GDP) and the manufacturing sector will decelerate in 2007 before regaining a measure of strength in 2008, according to a new report.
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The Manufacturers Alliance/MAPI Quarterly Economic Forecast predicts that inflation-adjusted GDP growth, 3.3 percent in 2006, will slow to 2.3 percent in 2007 before rebounding to 3.0 percent in 2008. By supplying major assumptions for the economy and running simulations through the Global Insight Macroeconomic Model, the Alliance generates unique macroeconomic and industry forecasts.
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The deceleration in economic growth is primarily a consequence of the continued housing slump, soft business investment, a surprise downshift in exports, and inventory adjustment,” said Daniel …
Report: Manufacturing Production to Slow to 2.1% Growth
Both the overall U.S. Gross Domestic Product (GDP) and the manufacturing sector will decelerate in 2007 before regaining a measure of strength in 2008, according to a new report.
  ;   ;
The Manufacturers Alliance/MAPI Quarterly Economic Forecast predicts that inflation-adjusted GDP growth, 3.3 percent in 2006, will slow to 2.3 percent in 2007 before rebounding to 3.0 percent in 2008. By supplying major assumptions for the economy and running simulations through the Global Insight Macroeconomic Model, the Alliance generates unique macroeconomic and industry forecasts.
  ;
The deceleration in economic growth is primarily a consequence of the continued housing slump, soft business investment, a surprise downshift in exports, and inventory adjustment,” said Daniel …
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