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Pleasant and not-so-pleasant surprises in 2005.

Publication: Westchester County Business Journal
Publication Date: 17-JAN-05 		Format: Online - approximately 500 words
Delivery: Immediate Online Access
Full Article Title: Pleasant and not-so-pleasant surprises in 2005.(ViewPoint)

Article Excerpt
While the outlook for the U.S. economy in 2005 as "good, but not great" (more specifically, a growth rate of around 3.6 percent), we are well aware that one or more surprises could change this outcome--for the better or for the worse.

In 2004, the biggest surprise was the sharp rise in oil prices. Fortunately, this "oil shock" was relatively mild, and was not accompanied by sharp rises in core inflation or long-term interest...

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