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Trade, Jobs, and the Economic Outlook for 2005


  • Charles I. Plosser


From newspaper accounts, one might think that the U.S. economy is on the verge of collapse. But the economy performed well in 2004, with real GDP growth of 3.9%, inflation at only 2.2%, unemployment down to 5.4%, and over two million jobs added to the payrolls (performance that is the envy of America's trade partners in Europe). And much the same, perhaps with moderate increases in interest rates, is expected in 2005. 2005 Morgan Stanley.

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  • Charles I. Plosser, 2005. "Trade, Jobs, and the Economic Outlook for 2005," Journal of Applied Corporate Finance, Morgan Stanley, vol. 17(1), pages 100-105.
  • Handle: RePEc:bla:jacrfn:v:17:y:2005:i:1:p:100-105

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    References listed on IDEAS

    1. Miller, Merton H, 1977. "Debt and Taxes," Journal of Finance, American Finance Association, vol. 32(2), pages 261-275, May.
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