White House: Economy Set for Solid Growth in 2005
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The United States will enjoy solid  growth, low inflation and falling unemployment next year, the  White House said on Friday in its official economic forecast  that would normally not be released until February.
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President Bush makes remarks during a White House conference on the economy, Wednesday, Dec. 15, 2004, in Washington. The administration is hoping to build momentum for Bush&#39;s ambitious second-term agenda
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U.S. chief executive officers expect the economy to grow over the next six months, according to a quarterly survey by the Business Roundtable released on Wednesday.
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For three years, The Washington Post has asked business and nonprofit leaders to predict how the Washington area economy will do in the coming year. For three years, the group forecast solid growth and were right.
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U.S. Treasury Secretary Henry  Paulson said on Friday that November's U.S. jobs report was  "good news" and indicated economic growth was on a solid path.
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Asian economies are heading for robust economic growth in 2004, followed by a slight slowdown in 2005, the Asian Development Bank has said.
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The U.S. economy should perform well  this year and in 2007 despite higher energy prices, the Federal  Reserve said in its 2005 report on Monday.
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The White House on Thursday confirmed that an agreement had been reached with Congress on an economic growth package and said President George W. Bush was expected to make a statement later in the day.
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The slowing U.S. economy is unlikely  to sink into an election-year recession and an economic rebound  could begin as early as next year as housing and financial  market turmoil fades, the Congressional Budget Office forecast  on Wednesday.
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The White House is betting that the steps it has taken to address the housing and financial crises will be enough to avert a recession without resorting to a major tax cut or new spending, as leading economists in both parties have urged, senior administration officials said.
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The economy will likely pick up in  2007 after output growth slows rapidly in late 2006, according  to a survey conducted by the Philadelphia Federal Reserve Bank  released on Thursday.
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WASHINGTON -- The economy grew at its strongest pace in more than a year during the spring as solid improvements in international trade and business investment helped offset weakness in housing.
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President George W. Bush says the US economy has a strong base but growth cannot be taken for granted.
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US economic growth will slow to 3.5 percent in 2005 from 3.9 percent this year, generating average monthly gains in payrolls of about 175,000 jobs, according to President George W. Bush&#39;s administration.
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WASHINGTON (CBS.MW) -- The Bush administration sees growth in the US economy slowing to a 3.5 percent annual pace next year after closing out this year at a 3.9 percent rate.
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President George W. Bush said on Friday the U.S. economy was on a solid footing despite a weak December employment report, a slumping housing market and near record oil prices.
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The US economy will grow in 2008, the White House says, shrugging off concerns that the US is facing a recession.