The US economy forecast and outlook is very important for real estate investors. The US economy (real Gross Domestic Product) grew in 2010 by 2.8%, after contracting by 2.6% in 2009.
According to the latest forecast published by the International Monetary Fund (IMF) in April 2011, the United States economy is predicted to continue expanding at a rate in excess of 2.5% in the next five years.
Specifically, the IMF predicts that the US real GDP will increase in 2011 by 2.8% and in 2012 by 2.9%. The real GDP growth rate is predicted to decelerate slightly to 2.7% in the period 2013-2015. It should be noted that these growth rates match roughly the 2006 growth rate of 2.7% and certainly exceed the 2007 rate of 1.7%.
IMF's latest US economy forecast predicts also that the inflation rate will rise from 1.4% in 2010 to 2.1% in 2011. However, in 2012 and 2013 it is predicted to drop to 1.4% and 1.5%, respectively, but rise to 1.8% and 1.9% in 2014 and 2015, respectively.
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