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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (498754)	11/26/2003 12:50:22 AM
From: geode00	Respond to of 769667

The market didn't care about the revision as it happens on schedule. Now if Shrubbery can just find those 2.3 million jobs and then make enough every month on top of that to employ everyone new coming into the job market. news.bbc.co.uk "...The US economy is expected to grow at the fastest rate for two decades next year, but without creating many jobs, according to a leading business survey. The National Association for Business Economists (NABE) expects a rise in gross domestic product of 4.5% in 2004. The survey also forecasts a jobless rate of 5.8%, slightly down on this year's unemployment of 6%.... The NABE expects productivity growth in 2004 to be about 3.7%, suggesting that stiff competition will deter businesses from hiring, preferring to work existing employees more efficiently - or harder.... But the NABE survey also predicts ever widening deficits, a likely side effect of the Bush stimulus package. The budget deficit - the gap between federal income and expenditure - is forecast to reach a record $462.8bn in 2004. And the NABE predicts the trade deficit - the gap between imports and exports - will reach $545bn..."