Richard Curtin
Richard Curtin
although conditions economic expect growth judge overall pace quite slightly slower
Although firms did expect a slightly slower pace of growth, they still judge overall economic conditions quite favorable.
coast due economic economy economy-and-economics expect expected following gas growth gulf improved increases interest lows mainly optimistic overall pace prospects recorded slower strong
Prospects for the economy have improved substantially from the lows recorded following the Gulf Coast hurricanes and the surge in gas prices. Firms still expect a slower overall pace of economic growth during 2006 than in 2005. The expected growth slowdown is mainly due to anticipated increases in interest rates. Firms are much more optimistic about their own prospects in 2006, as they expected strong growth in revenues and profits.
budgets caused consumers expect financial gas high impact prices situation year
High gas prices had a devastating impact on consumers' budgets and caused consumers to expect a worsening financial situation during the year ahead.