Two views of the US economy

Reagan Consensus forecast forecast Real GNP 1981 Up 2.6% Up 2.6% Real GNP 1982 Up 3.4% Up 3.2% Consumer prices 1981 Up 9.9% Up 9.8% Consumer prices 1982 Up 7.0% Up 8.2% GNP deflator 1981 Up 9.6% Up 9.3% GNP deflator 1982 Up 8.0% Up 8.2% Unemployment 1981 7.5% 7.5% Unemployment 1982 7.3% 6.9% Source for "consensus" forecast Blue Chip Economic Indicators, Sedona, Ariz. (Unemployment figures are not fully comparable -- the administration's are annual averages and those from Blue Chip a re fourth quarter averages.)

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