short term energy outlook june 1997 released july 6 information administration what s new this month here are the highlights of changes to forecast that we have made for all results refer mid world oil price case unless otherwise specified economy a revised economic has induced an upward adjustment expectations about demand growth in general relative our may real gross domestic product is expected be generally higher than assumed last report although much difference concentrated remarkably strong first quarter 5 percent gdp on annualized basis subsequent quarters not exhibit similarly torrid but levels business activity been ratcheted up throughout figure u1 average 3 7 compared 2 8 and 1 1998 0 previously scenario disposable income would
