The November Wall Street Journal Economic Forecast Survey was published on November 9, 2012.  The headline is “Storm Expected to Trim Growth, not Spending.”

An excerpt:

On average, the economists see a small chance of recession over the next 12 months—at about 1-in-5, basically unchanged over the past five months. But most respondents still think that threats such as the fiscal cliff have the economy more likely to fall short of expectations than exceed them.

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The current average forecasts among economists polled include the following:

GDP:

full-year 2012:  1.8%

full-year 2013:  2.4%

full-year 2014:  2.9%

Unemployment Rate:

December 2012: 7.9%

December 2013: 7.5%

December 2014:  7.0%

10-Year Treasury Yield:

December 2012: 1.78%

December 2013: 2.47%

December 2014:  3.06%

CPI:

December 2012:  2.1%

December 2013:  2.2%

December 2014:  2.3%

Crude Oil  ($ per bbl):

for 12/31/2012: $88.72

for 12/31/2013: $92.73

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Please Note – The above is excerpted from the EconomicGreenfield.com (published by StratX, LLC) post of November 13, 2012, titled “The November 2012 Wall Street Journal Economic Forecast Survey”

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StratX, LLC offers the above commentary for informational purposes only, and does not necessarily agree with the views expressed by these outside parties.

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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.