March 2005
Mortgage Banking;Mar2005, Vol. 65 Issue 6, p10
This article reports that the Mortgage Bankers Association (MBA) has released its long-term economic forecast for 2005, 2006 and 2007, projecting strong economic growth through 2007 with gross domestic product (GDP) growing at a trend rate of about 3.5 percent in real terms annually. The year 2005 looks to he a strong one, with GDP growing slightly above trend at 3.6 percent, down somewhat from the 4.4 percent growth rate of 2004, said Doug Duncan, MBA's chief economist and senior vice president, research and business development.


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