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    U.S. and Kansas Economic Forecasts for 1990

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    Issue Date
    1990-02-19
    Author
    Clifford, Norman
    Publisher
    Institute for Public Policy and Business Research, University of Kansas
    Type
    Technical Report
    Is part of series
    Technical Report;173
    Published Version
    https://ipsr.ku.edu
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    Abstract
    The rate of growth of the national economy will slow considerably in 1990. Just as the 4.4 percent growth of GNP in 1988 surprised most forecasters with its strength, the 3.0 percent GNP growth in 1989, boosted by an unexpectedly strong third quarter, was greater than most forecasters were predicting even as late as midyear. Nevertheless, the less than one percent growth during the final quarter of the year was the beginning of a growth slowdown that will be felt in 1990. We are forecasting less than one percent growth for the first quarter of the year, with the economy picking up some strength as time goes on, but we still expect GNP to grow only 1.5 percent for the year.

    Reduced growth of the national economy in 1990 will be reflected in slower growth of the Kansas economy. Total employment will grow only 0.2 percent in 1990 after growing 0.9 percent in 1989. Since the labor force will continue to grow at its 0.4 percent rate of 1989, there will be a small increase in the unemployment rate, from 4.3 percent in 1989 to 4.5 percent in 1990. Nonfarm wage and salary employment, which does not include farm employment, self-employed persons, or adjustments for residence, and which we feel that we can forecast more reliably than tot.al employment, is predicted to grow only 0.8 percent in 1990, compared to 2.1 percent in 1989.
    URI
    http://hdl.handle.net/1808/32990
    Collections
    • IPSR Published Works [305]
    Citation
    Norman Clifford. U.S. and Kansas Economic Forecasts for 1990. Institute for Public Policy and Business Research, University of Kansas. Technical Report Series: 173 (February 1990; 48 pages).

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    Contact KU ScholarWorks
    785-864-8983
    KU Libraries
    1425 Jayhawk Blvd
    Lawrence, KS 66045
    785-864-8983

    KU Libraries
    1425 Jayhawk Blvd
    Lawrence, KS 66045
    Image Credits
     

     

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