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February 1992, No. 54

This Chicago Fed Letter summarizes the discussions that took place at the fifth annual Economic Outlook Symposium and focuses on conditions in durable goods manufacturing industries important to the Midwest economy.

Last Updated: 02/28/1992

1992 Outlook: A Question of Confidence

William Bergman, Robert H. Schnorbus

A sense of caution framed consumer and business decisions during 1991, culminating in a year-end slump in confidence that helped to smother the recovery. In a cloudy forecasting environment, thirty-eight economists and business analysts participated in the Federal Reserve Bank of Chicago's fifth annual Economic Outlook Symposium on December 11,1991.