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This paper will discuss the macroeconomic forecast information from the following sources; Conference Board, Mortgage Banker's Association and TD Waterhouse. The analysis of the information will discuss unemployment rates the GDP, inflation rate, and interest rates projected out for the next two years. We chose to examine the pharmaceutical industry for our projection of the economic situation of the US over the next two years.
The three sources indicate that the Real Gross Domestic Product will be around the 3.1 ? 4.0 percent in 2005 and 2006. In the fourth quarter of 2004, the real GDP was about 4.4 ? 4.8%, which meant that it ended the year on a strong note, compared to what was expected.
When the GDP is on the rise or steady the economy is producing at a positive level, however with the projection for 2005 and 2006, the economy is expected to keep ...