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Forecasting U.S. Investment
Author:
Mr. Pau Rabanal
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and
Mr. Jaewoo Lee
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Series:
IMF Working Papers
Volume/Issue:
Volume 2010: Issue 246
Language:
English
Publication Date:
01 Nov 2010
DOI:
https://doi.org/10.5089/9781455209460.001
ISBN:
9781455209460
ISSN:
1018-5941
Pages:
33
Keywords:
WP; investment; ratio; E&S; cost of capital; real GDP
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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The driving force of U.S. economic growth is expected to rotate from the fiscal stimulus and inventory rebuilding in 2009 to private demand in 2010, with consumption and particularly investment expected to be important contributors to growth. The strength of U.S. investment will hence be a crucial issue for the U.S. and global recovery. On the basis of several traditional models of investment, we forecast that the U.S. investment in equipment and software will grow by about 10 percent on average over the 2010-12 period. The contribution of investment to real GDP growth will be 0.8 percentage points on average over the same period.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 2010: Issue 246