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Home > Fed Releases New Economic Forecast, Sees Deteriorating Economy, Up To 8.2% Unemployment At Year End

Fed Releases New Economic Forecast, Sees Deteriorating Economy, Up To 8.2% Unemployment At Year End

By Tyler Durden
Created 06/20/2012 - 13:04
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 06/20/2012 13:04 -0500



 

In April, the Fed saw 2012 GDP between 2.4-2.9% and unemployment of 7.8%-8/0%. The just released updated forecasts table [3]has these two critical for the election campaign data points at 1.9%-2.4%, or a major drop since April, for GDP and unemployment declining to 8.0%-8.2%. One thing is certain: whatever GDP and unemployment are at the end of 2012, they will not be whatever the perpetially inaccurate Fed forecasts.

[4]

And the old one, from April [5].

[6]

 

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Source URL: http://www.zerohedge.com/news/fed-releases-new-economic-forecast-sees-deteriorating-economy-82-unemployment-year-end

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/10938
[3] http://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20120620.pdf
[4] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/06/June%20FOMC%20forecast.jpg
[5] http://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20120425.pdf
[6] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/06/April%20FOMC%20forecast.jpg