PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Kenneth E. Phillipps who wrote (498065)	11/24/2003 10:34:19 PM
From: Hope Praytochange	Read Replies (1) of 769670

Tomorrow's economic reports will take center stage with the Third Quarter Preliminary GDP numbers, the Redbook Retail Sales report, the October Existing Home Sales figures, and the November Conference Board Consumer Confidence numbers. Paramount on the list is the GDP figures. It was only a few weeks ago that the Commerce Department reported a 7.2% annual pace from July through September. Now economists are estimating that the government could revise these numbers even higher, not lower as previously thought. Some estimate that the new upward revision could put GDP at 7.8 to 8.0 percent growth. This would be the strongest quarter since early 1984 where GDP grew at 9.0 percent. Furthermore the National Association for Business Economics believes the economy may expand by 4.5% in 2004, an upward revision from their previous 4.0% forecast.

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