Commodity market report
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8 Pages

United States long-term economic outlook Q1 2014

United States long-term economic outlook Q1 2014

Report summary

Recent revisions to first quarter GDP growth make it difficult for the US to grow beyond 2% this year. However, much of the first quarter 2.9% contraction in output was weather related and inventory driven. We continue to see economic expansion through the rest of this year and an acceleration in GDP growth to 3.1% in 2015. The long-term outlook for the US is robust against its developed peers.

What's included?

This report includes 4 file(s)

  • United States long-term economic outlook Q1 2014 PDF - 422.73 KB 8 Pages, 1 Tables, 10 Figures
  • GDP Forecast Feb 2014.xls XLS - 2.03 MB
  • IP Forecast Feb 2014.xls XLS - 1.37 MB
  • Latest Population Forecast.xls XLS - 2.92 MB


This Economic Outlook presents our macroeconomic outlook to 2035 at the country level.

Specifically we assess the structure of the economy and present the GDP and industrial production outlook.

The long-term outlook is underpinned by a set of GDP models which take account of long-term structural drivers of GDP including demographics, investment and productivity growth.

Finally, we highlight the key risks facing our outlook, both upside and downside.

Wood Mackenzie's macroeconomic forecasts underpin all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

  • Executive summary
  • Market structure
  • Economic outlook
    • Real GDP Growth (year-on-year %)
    • Real CAPEX Spend by Development Type (constant prices, 2014)
  • Risks and uncertainties

In this report there are 11 tables or charts, including:

  • Executive summary
    • Economic Indicators
  • Market structure
    • GDP by Sector (% of GDP)
    • GDP by Expenditure (constant USD billion, 2005 prices)
    • USA Resource Extraction (Billion US$, nominal)
    • Growth in Gross State Product since State Pre-Crisis High
    • US Population by State (% total population)
  • Economic outlook
    • Economic outlook: Image 1
    • US Crude Oil Production by State, kbpd
    • Economic outlook: Image 3
    • Annual industrial production index (2005 = 100)
    • Population by Age Cohort (Million)
  • Risks and uncertainties
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