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BOE Advisory Council July 25, 2013 The Economic Outlook. Joe Fitz Chief of Research and Statistics Board of Equalization. U.S. Economic Forecast Selected U.S. Economic Indicators. Actual Forecast 1/ 2011 2012 2013 2014 Real Gross Domestic Product

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boe advisory council july 25 2013 the economic outlook

BOE Advisory CouncilJuly 25, 2013The Economic Outlook

Joe Fitz

Chief of Research and Statistics

Board of Equalization

u s economic forecast selected u s economic indicators
U.S. Economic ForecastSelected U.S. Economic Indicators

Actual Forecast 1/

2011201220132014

Real Gross Domestic Product

(Percent Change) 1.8%2.2%1.6%2.7%

Consumer Price Index

(Percent Change) 3.1%2.1%1.3%1.5%

Unemployment Rate (Percent) 8.9%8.1%7.6%7.2%

Ten-Year U.S. Treasury Bond Rates 2.8%1.8%2.2%2.7%

1/ Source: Global Insight July 2013 forecast