ARLINGTON, VA-The Manufacturers Alliance/MAPI (www.mapi.net) continues to project solid growth in the next two years for the U.S. economy and the manufacturing sector. Evidence used in the forecast shows that a sustainable recovery remains on track.
The Manufacturers Alliance/MAPI Quarterly Economic Forecast predicts inflation-adjusted gross domestic product (GDP) growth to be 4.5% in 2004 and 3.7% in 2005. The 2004 prediction is down slightly from 4.9% in the May forecast, while the 2005 outlook remains the same. By supplying major assumptions for the economy and running simulations through the Global Insight Macroeconomic Model, the Manufacturers Alliance/MAPI generates unique macroeconomic and industry forecasts.