Forecasting U.S. Investment

 
Author/Editor: Lee, Jaewoo ; Rabanal, Pau
 
Publication Date: November 01, 2010
 
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
 
Summary: The driving force of U.S. economic growth is expected to rotate from the fiscal stimulus and inventory rebuilding in 2009 to private demand in 2010, with consumption and particularly investment expected to be important contributors to growth. The strength of U.S. investment will hence be a crucial issue for the U.S. and global recovery. On the basis of several traditional models of investment, we forecast that the U.S. investment in equipment and software will grow by about 10 percent on average over the 2010-12 period. The contribution of investment to real GDP growth will be 0.8 percentage points on average over the same period.
 
Series: Working Paper No. 10/246
Subject(s): Demand | Economic forecasting | Economic growth | Economic models | Industrial investment | Information technology | Private consumption | Private sector | Software | United States

Author's Keyword(s): Great Recession | Recovery in U.S. Investment
 
English
Publication Date: November 01, 2010
Format: Paper
Stock No: WPIEA2010246 Pages: 33
Price:
US$18.00 (Academic Rate:
US$18.00 )
 
 
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