1. Economic projections for 2000 and 2001
Percent  
table rule
  Federal Reserve governors
and Reserve Bank presidents
 
Indicator
Range
Central tendency
Administration
2000
   
Change, fourth quarter
to fourth quarter
1
   
Nominal GDP6 to 7-1/4 6-1/4 to 6-3/4 6.0
Real GDP23-3/4 to 5 4 to 4-1/2 3.9
PCE prices2 to 2-3/4   2-1/2 to 2-3/4    3.23

Average level,
fourth quarter

   
Civilian unemployment
    rate
4 to 4-1/4 About 4 4.1

   
2001
   
Change, fourth quarter
to fourth quarter
1
   
Nominal GDP5 to 6-1/4 5-1/2 to 6 5.3
Real GDP22-1/2 to 4 3-1/4 to 3-3/4 3.2
PCE prices1-3/4 to 3   2 to 2-1/2    2.53

Average level,
fourth quarter

   
Civilian unemployment
    rate
4 to 4-1/2 4 to 4-1/4 4.2
table rule

          1.  Change from average for fourth quarter of previous year to average for fourth quarter
of year indicated.
          2.  Chain-weighted.
          3.  Projection for the consumer price index.
 

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