BW Economic Forecast Survey for 1998

ECONOMIST / Organization PERCENT CHANGE IN REAL GROSS DOMESTIC PRODUCT 1988REAL GDPCONSUMER PRICESTREASURY YIELDSJOBLESS RATE

IIIIIIIVPERCENT CHANGE
IV Q 1997-IV Q 1998
3-MO.
IV Q 1998
30-YR.
IV Q 1998
IV Q 1998
GAIL D. FOSLER The Conference Board 4.3 2.9 2.9 3.0 3.3 2.9 5.60 6.50 4.4
KATHLEEN M. CAMILLI Tucker Anthony 3.2 3.7 2.5 2.5 3.0 2.7 5.20 5.20 4.0
M. KATHRYN EICKHOFF Eickhoff Economics 3.0 2.9 2.8 2.9 2.9 2.3 5.45 6.72 4.6
MICKEY D. LEVY Nations Banc Montgomery Securities 2.6 2.6 2.8 2.8 2.8 2.2 4.90 5.70 4.8
JOSEPH LIRO CIBC Oppenheimer 3.0 2.5 3.0 2.7 2.8 2.5 5.00 5.80 4.7
JAMES F. SMITH University of North Carolina 2.7 2.8 2.6 3.1 2.8 2.0 4.95 5.50 4.5
M. CARY LEAHEY High Frequency Economics 2.5 3.5 2.5 2.5 2.8 2.8 5.50 6.50 5.0
PAUL W. BOLTZ T. Rowe Price Associates 2.9 2.0 3.0 2.9 2.7 2.6 5.25 6.10 4.8
JIM COONS Huntington National Bank 2.7 2.6 2.6 2.6 2.6 2.6 6.00 6.40 4.9
RAY C. FAIR Yale University 3.3 2.6 2.3 2.1 2.6 1.7 5.60 7.30 4.2
STEPHEN GALLAGHER Société Générale 3.0 2.6 2.6 2.4 2.6 2.5 5.60 6.40 4.5
NANCY KIMELMAN Technical Data 3.0 2.4 2.5 2.5 2.6 2.9 5.00 6.00 5.0
BERNARD MARKSTEIN Markstein Advisors 3.2 2.8 2.2 2.0 2.6 2.0 4.70 5.60 4.8
SUZANNE RIZZO Maria Fiorini Ramirez 3.1 2.9 2.4 2.2 2.6 2.5 5.30 6.50 5.8
CONSTANTINE G. SORAS Bell Atlantic 2.9 2.4 2.3 2.6 2.6 2.2 5.04 6.12 4.6
MORRIS COHEN Morris Cohen 2.8 2.4 2.4 2.4 2.5 2.7 5.20 6.35 4.4
MICHAEL R. ENGLUND MMS International 2.4 2.7 2.2 2.7 2.5 2.6 5.40 5.75 4.4
MAURY N. HARRIS PaineWebber 2.3 2.1 2.4 3.1 2.5 2.0 5.30 6.00 5.0
THOMAS W. SYNNOTT U.S. Trust Co. of N.Y. 3.0 2.4 2.2 2.5 2.5 2.5 5.25 6.00 4.8
JOHN R. WILLIAMS Bankers Trust 2.8 2.5 2.3 2.3 2.5 2.7 5.50 6.50 4.4
MARK ZANDI Regional Financial Associates 3.2 2.8 2.2 1.9 2.5 2.8 5.70 6.60 4.8
ROBERT A. BRUSCA The Nikko Securities Co. Int. 2.6 2.5 1.8 2.9 2.4 3.2 5.60 6.15 5.0
JAMES COOPER & KATHLEEN MADIGAN Business Week 3.5 2.5 2.0 1.5 2.4 2.5 5.40 6.00 4.8
CHARLES REEDER Charles Reeder Associates 0.8 0.3 3.7 4.8 2.4 2.3 4.50 6.20 5.2
ROBERT H. CHANDROSS Republic National Bank of New York 2.8 2.2 2.3 2.0 2.3 2.4 5.30 6.20 4.7
DAVID ORR First Union 2.4 2.0 2.1 2.7 2.3 1.8 5.15 5.75 4.2
MICHAEL R. PASLAWSKYJ The CIT Group 2.5 2.3 2.0 2.3 2.3 2.0 4.90 5.85 5.0
ALLEN SINAI Primark Decision Economics 2.3 2.0 2.4 2.5 2.3 2.5 5.00 5.58 4.9
BRUCE STEINBERG Merrill Lynch 1.7 2.0 2.6 2.8 2.3 1.9 4.85 6.00 5.2
RAJEEV DHAWAN UCLA Anderson Forecast 2.4 2.3 2.2 1.9 2.2 2.7 5.80 6.85 5.5
ROBERT H. SHROUDS DuPont 2.4 2.3 2.0 1.9 2.2 2.2 5.20 6.20 5.0
KURT E. KARL WEFA Group 2.3 2.1 2.0 1.9 2.1 2.6 5.60 6.80 4.7
ANTHONY CHAN Banc One Investment Advisors Corp. 1.5 1.5 1.0 1.0 2.0 1.9 5.00 5.70 5.2
ROBERT H. PARKS Robert H. Parks & Associates 3.0 2.0 1.0 1.0 2.0 1.3 4.00 5.00 6.0
DAVID RESLER Nomura Securities International 2.1 2.2 1.7 1.8 2.0 2.3 5.10 5.90 5.0
MAUREEN F. ALLYN Scudder, Stevens & Clark 1.6 1.2 2.5 2.4 1.9 2.3 4.90 5.60 5.1
JAMES BARKOCY Brown Brothers Harriman & Co. 2.3 2.0 1.7 1.7 1.9 2.6 5.75 6.90 5.0
WILLIAM A. BROWN J. P. Morgan 3.5 2.5 1.0 0.5 1.9 2.6 5.50 6.00 4.6
GARY L. CIMINERO Independent Economic Advisory 2.0 1.5 1.7 2.1 1.8 2.5 5.03 6.20 5.0
STUART G. HOFFMAN PNC Bank Corp. 2.2 1.7 1.7 1.5 1.8 2.5 4.90 6.15 5.2
PHILIP BRAVERMAN DKB Securities (USA) 2.0 1.7 1.0 2.0 1.7 1.6 4.70 5.20 5.0
HOWARD KEEN Conrail 1.9 1.8 1.5 1.7 1.7 2.5 5.05 6.25 5.0
NICHOLAS S. PERNA Fleet Financial Group 2.2 1.8 1.4 1.6 1.7 2.5 4.75 6.05 4.8
J. PRAKKEN/C. VARVARES Macroeconomic Advisers 1.8 1.9 1.6 1.6 1.7 2.5 5.00 6.27 5.0
DAVID M. BLITZER Standard & Poor's 2.0 1.8 1.5 1.2 1.6 2.0 5.40 6.20 4.9
EDWARD YARDENI Deutsche Morgan Grenfell 2.0 2.0 1.3 1.0 1.6 1.5 4.50 5.00 4.5
SUNG WON SOHN Norwest Corp. 1.5 1.5 1.5 1.5 1.5 2.8 5.55 6.60 5.2
DAVID A. WYSS Standard & Poor's DRI 1.4 1.4 1.3 1.7 1.5 1.9 4.83 6.02 5.1
A. GARY SHILLING A. Gary Shilling & Co. 1.5 1.0 1.0 1.0 1.1 1.7 4.20 5.00 5.4
RONALD R. REUSS Piper Jefferson 1.5 1.5 0.5 0.0 1.0 2.0 4.00 5.50 5.0
CONSENSUS 2.5% 2.2% 2.1% 2.1% 2.2% 2.3% 5.14% 6.05% 4.9%


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