As part of the budget released by the Obama Administration yesterday's, the president's staff also released a set of macroeconomic forecasts underpinning their budget projections. Some of the highlights:
* The White House predicts that GDP will grow 2.7 percent in 2012. That's up slightly from the 2.6 percent forecast issued last September. The administration also sees 3 percent growth in 2013, moving up to 3.6 percent in 2015 and 4.1 percent in 2016.
* The yield on ten-year Treasury notes - currently just under 2 percent - is expected to inch upward to 2.8 percent by the end of this year, 3.5 percent in 2013, and 3.9 percent in 2014.
* The consumer price index is predicted to go up to 2.2 percent this year, before settling at 1.9 percent in 2013 and 2 percent in 2014.
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