The December Wall Street Journal Economic Forecast Survey was published on December 17, 2012. The headline is “Economy Poised to Nudge Ahead in 2013.”
Although I don’t agree with various aspects of the survey’s contents, I found numerous items to be notable, both within the article and in the Q&A found in the spreadsheet.
A couple of excerpts:
As 2012 comes to a close, the U.S. economy is also turning a page: The recovery is over. It looks like 2013 will be the start of a more normal, though hardly robust, period of growth.
But even with that looming threat, economists surveyed by The Wall Street Journal put the odds of a recession next year at just 24%. Not coincidentally, those odds are closely aligned with the odds—26%—that the economists put on a standoff that allows the tax and spending policies to take effect. Get past the cliff, and most economists expect reasonably solid growth.
The current average forecasts among economists polled include the following:
full-year 2012: 1.9%
full-year 2013: 2.3%
full-year 2014: 2.8%
full-year 2015: 2.9%
December 2012: 7.8%
December 2013: 7.5%
December 2014: 7.0%
10-Year Treasury Yield:
December 2012: 1.67%
December 2013: 2.26%
December 2014: 2.88%
Please Note – The above is excerpted from the EconomicGreenfield.com (published by StratX, LLC) post of December 17, 2012, titled “The December 2012 Wall Street Journal Economic Forecast Survey”
StratX, LLC offers the above commentary for informational purposes only, and does not necessarily agree with the views expressed by these outside parties.
StratX, LLC is a management consulting firm and strategic advisory that focuses on the analysis of current and future weak(ening) economic conditions, and offers businesses and other entities advice, strategies, and actionable methods on how to optimally adapt to such challenging, complex conditions.