The fed raised its forecast of US GDP growth for 2017

Moscow. September 20. INTERFAX.RU – Federal reserve system (the fed) raised its forecast of US GDP growth for 2017 to 2.4% from 2.2% expected in June.The economic recovery forecast for 2018 maintained at the level of 2.1%, 2019 was increased to 2% from 1.9%.

The fed also for the first time presented a forecast of US GDP growth for 2020 is 1.8%.

In the long term, the norm of growth will be the pace at 1.8 percent, according to the forecasts of the leaders of the fed.

The fed has kept inflation (the PCE index) for the current year at 1.6%. The forecast of growth of consumer prices in the US to 2018 downgraded to 1.9% from 2%, for 2019 – maintained at 2%.

In 2020, inflation is expected to be 2%, the fed’s forecast for the long term also provides for 2% inflation.

Unemployment, according to the heads of the fed, in 2017 will amount to 4.3%, in line with the June forecast.

The unemployment forecast for the year 2018, downgraded to 4.1% from 4.2%, in 2019 – also to 4.1% from 4.2%. In 2020, the US unemployment rate will be 4.2%, predicts the fed. In the long term norm the fed thinks unemployment at 4.6%.

Earlier, the Ministry of Commerce has revised in a big way, GDP growth in the II quarter of 2017: from 2.6% to 3%. The U.S. budget deficit, meanwhile, in the first 11 months of the fiscal year increased by 8.8% and is $673,711 billion