Manufacturing Growth Likely to Mirror GDP in Next 2 Years
The latest Manufacturers Alliance/MAPI economic forecast shows that manufacturing will decelerate to 2.6 percent in 2007. But MAPI forecasts industrial production to increase at a higher rate, 3.4 percent.
After remaining ahead of overall gross domestic product growth in 2006, manufacturing production growth will likely mirror GDP in the next two years, according to a new report.
The Manufacturers Alliance/MAPI Quarterly Economic Forecast forecasts that inflation-adjusted GDP growth will slow to 2.5 percent in 2007 before rebounding to 3.3 percent in 2008, matching the current outlook for 2006. By supplying major assumptions for the economy and running simulations through the Global Insight Macroeconomic Model, the Alliance generates unique macroeconomic and ...