Real gross domestic product is seen falling 1.8% this year, before growing at an above-trend 3.2% next year, according to predictions at the Chicago Federal Reserve Bank’s annual Automotive Outlook Symposium.

Inflation, as measured by the consumer price index, is seen dropping 0.5% this year and rising 1.6% in 2010, according to the consensus at the symposium. Unemployment is expected to climb to 9.9% by year’s end and then edge down to 9.5% by the end of 2010.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.