Macroeconomic forecast paper Essay Example | Topics and Well Written Essays - 250 words

Macroeconomic forecast paper - Essay Example The NCES distinguishes three possible scenarios and, moreover, provides different figures for men and women and different age groups. For 2005-2006 the NCES's forecast of unemployment rate for the middle alternative variant is as follows: for women 25 years or older - between 4,4% and 4,7%; for men from corresponding age group - between 4,4% and 5,2% (n.d., n.p.). The forecasts of the inflation rate calculated at national level vary even to a greater extent. The experts of the Economist Intelligence Unit estimate this indicator at 2,8% level in 2005 and at 2,7 % in 2006, predicting that it will "remain relatively contained" (2005, n.p.). At the same time their colleagues from the Federal Reserve also think that the inflation rate would go down in 2006 in comparison with 2005, but expect different figures - 2,6% and 2,5% correspondingly (2005, n.p.). Another figure provided by the Federal Reserve (n.d.,n.p.) is annual estimate of inflation rate for the next ten years, which equals to 2,5 %.