TABLE 1
U.S. SHORT-TERM ECONOMIC FORECASTS
ECONOMIC VARIABLE REAL GDP (1996 Chained $, Billions) DRI-WEFA OMB CBO OIL AND GAS PRICE INDEX (1996 EQUALS 100) DRI-WEFA OMB CBO (Energy Deflator) CONSUMER PRICE INDEX (1982-84 EQUALS 100) DRI-WEFA OMB CBO FISCAL YEAR 2002 2ND. QTR. 3RD QTR. FISCAL YEAR 2003 2ND. QTR. 3RD QTR.
1ST. QTR.
4TH. QTR.
1ST. QTR.
4TH. QTR.
9,275.9 9,258.2 9,281.6
9,263.9 9,269.5 9,270.0
9,311.4 9,329.1 9,327.4
9,384.4 9,418.7 9,414.8
9,508.1 9,509.3 9,519.0
9,612.4 9,600.7 9,626.6
9,715.1 9,692.9 9,735.3
9,794.5 9,786.2 9,840.7
108.6 89.1 110.3
105.5 84.5 109.1
106.0 86.5 110.7
104.3 88.0 113.0
106.1 89.1 115.1
107.2 89.8 116.2
108.0 90.6 116.9
108.9 91.4 117.6
178.4 177.8 178.1
179.3 178.9 179.0
180.1 180.0 180.0
180.9 181.0 181.1
181.9 182.0 182.2
183.1 183.0 183.4
184.2 184.0 184.5
185.4 185.0 185.7
Source: DRI-WEFA, Inc., December 2001; Office of Management and Budget, December 2001; Congressional Budget Office, December 2001.