John McDevitt Analyzes the Economy
October 31, 2004—John McDevitt, former 3M corporate economist, assesses the state of the economy looking at escalating oil prices and the affects they have had on consumer and business spending as well as GDP growth. McDevitt also shares his forecast for oil prices as well as 4th quarter and 2005 GDP growth, looks at the housing and manufacturing sectors, analyzes some of the statements made during the current political campaign and discusses how businesspeople can best use economists’ forecasts.