CEA issues economic outlook

02/14/2006 | Wall Street Journal, The

The annual Council of Economic Advisers report said a decline in personal savings "may not be cause for alarm," claiming most of the rising U.S. trade deficit has instead been caused by other countries that save too much. The report predicted overall economic growth of 3.4% for 2006, with an unemployment rate of 5% and inflation at 2.4%.

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