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Table S–16. Comparison of Economic Assumptions

(Calendar years)


  Projections

Average 2002–2011
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Real GDP (chain-weighted): 1
    CBO January 2.4 3.4 3.3 3.0 3.0 3.0 3.0 3.0 3.0 3.1 3.1 3.1
    Blue Chip Consensus March 1.9 3.4 3.5 3.4 3.4 3.4 3.3 3.3 3.3 3.3 3.3 3.4
    2002 Budget 2.4 3.3 3.2 3.2 3.1 3.1 3.1 3.1 3.1 3.1 3.1 3.2
Chain-weighted GDP Price Index: 1
    CBO January 2.3 2.1 2.0 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9
    Blue Chip Consensus March 2.1 2.0 2.1 2.1 2.1 2.2 2.2 2.2 2.2 2.2 2.2 2.2
    2002 Budget 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1
Consumer Price Index (all-urban): 1
    CBO January 2.8 2.8 2.7 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.6
    Blue Chip Consensus March 2.8 2.4 2.6 2.6 2.5 2.6 2.6 2.6 2.6 2.6 2.6 2.6
    2002 Budget 2.7 2.6 2.6 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5
Unemployment rate:  2
    CBO January 4.4 4.5 4.5 4.7 4.8 4.9 5.0 5.1 5.2 5.2 5.2 4.9
    Blue Chip Consensus March 4.5 4.6 4.6 4.6 4.6 4.6 4.6 4.6 4.6 4.6 4.6 4.6
    2002 Budget 4.4 4.6 4.5 4.5 4.5 4.5 4.5 4.6 4.6 4.6 4.6 4.6
Interest rates:  2
    91-day Treasury bills:
        CBO January 4.8 4.9 5.0 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9 4.9
        Blue Chip Consensus March 4.6 4.8 5.2 5.3 5.3 5.2 5.2 5.2 5.2 5.2 5.2 5.2
        2002 Budget 5.3 5.6 5.6 5.6 5.3 5.0 5.0 5.0 5.0 5.0 5.0 5.2
    10-year Treasury notes:
        CBO January 4.9 5.3 5.5 5.6 5.7 5.8 5.8 5.8 5.8 5.8 5.8 5.7
        Blue Chip Consensus March 5.1 5.4 5.7 5.7 5.7 5.7 5.7 5.7 5.7 5.7 5.7 5.7
        2002 Budget 5.4 5.6 5.7 5.7 5.7 5.7 5.7 5.7 5.7 5.7 5.7 5.7

  1 Year over year, percent.
  2 Annual averages, percent.

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