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    Federal Reserve System Revises Down US GDP Growth Projections for 2014, 2015

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    US Federal Reserve System revised down its US GDP growth forecast to 2-2.2 percent for 2014 and 2.6-3 percent for 2015.

    MOSCOW, September 17 (RIA Novosti) - US Federal Reserve System revised down its US GDP growth forecast to 2-2.2 percent for 2014 and 2.6-3 percent for 2015.

    The inflation level forecast remained unchanged at 1.5-1.7 percent for 2014, with unemployment rate estimated to be 5.9-6 percent instead of 6-6.1 percent expected earlier.

    The 2015 US GDP growth forecast has been revised down to 2.6-3 percent from 3-3.2 percent back in June. The inflation level was re-estimated at 1.6-1.9 percent instead of previous 1.5-2 percent. The unemployment rate estimates went down from 5.4-5.7 percent to 5.4-5.6 percent for 2015.

    In the longer run, the Federal Reserve projects the US economy growth to be 2-2.3 percent, with the unemployment rate reaching 5.2-5.5 percent and inflation standing at 2 percent.

    Tags:
    Federal Reserve System, GDP
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