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November 1993

The U.S. economy to 2005: framework for BLS projections

Norman C. Saunders

BLS projects a wide range for gross domestic product, accompanied by several key shifts in the composition of its demand components. As with prior BLS aggregate economic projections, three alternatives have been developed: low growth, moderate growth, and high growth. Under these assumptions, GDP is expected to grow between 1.5 and 3.0 percent from 1992 to 2005. This article describes BLS projections for the U.S. economy to 2005.

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