In the newest edition of Research Reports, Securities Industry Association Senior Vice President and Chief Economist Frank Fernandez predicts slower growth in 2005 due to a tightening of monetary policy and rising oil prices, among other things. Fernandez forecasts that gross domestic product growth in 2005 will remain at 2.6 percent, while inflation is expected to stabilize at around three percent and annual employment growth will rise from one percent to 1.6 in early 2005. This issue also includes an abridged version of the Trends piece on diversity trends in employment and the monthly statistical review.
Research Reports is available at: http://www.sia.com/research/pdf/RsrchRprtVol5-12.pdf