Forecast Coverage
Business Forecast 2008
The 2008 series kicked-off in Chicago this past December. Panelists Marvin Zonis, Michael Mussa and Raghuram Rajan gave their predictions. Among issues they saw that would affect the economy here and abroad were:
- A continued surge in exports and a rise in business investment will support 2 percent real GDP growth for 2008, with about a one-third risk of recession that will be particularly acute during the first half of the year.
- Democrats will strengthen their holds on both houses.
- Emerging markets, which exceeded the contribution of developed countries to world growth during 2007, will face challenges increasing demand within their own counties as growth slows in industrial countries.
Read coverage of the 2008 kick-off event and view video of each speaker.
