Word: behravesh
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Dates: during 1990-1999
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...award for best performance this year may belong to Latin America. In the wake of the 1994 Mexican-peso crisis, "the region has really bounced back in a remarkable way," says Nariman Behravesh, chief international economist for DRI/McGraw-Hill, an economic consulting company based in Lexington, Mass. In Mexico, between April and June, the economy surged 8.8% over the same period a year earlier. Growth is expected to hit 6% in 1997 and 4.8% in 1998. Inflation, which reached 34.4% in 1996, will be sliced in half by the end of next year. Brazil's economy will expand 4% this year...
...suffered a currency run a la Mexico and for similar reasons: overspending, a loss of competitiveness and the perception that its currency was overvalued. As the Thai baht slid 25% against the U.S. dollar over the past 12 months, other currencies also fell. Then stock markets swooned. Economist Behravesh predicts little growth (1.5%) this year in Thailand, after an annual average of 9% for the past decade. But it will rebound to 3% in 1998. Indonesia will grow 6.5% in 1997 and 6% the following year. The Philippines, which rose a record 5.5% in 1996, will slip back to about...
...extra $350 a year -- or 97 cents a day -- that the plan gave the average family would simply come from the rich without creating new spending power. "This will not do anything in the long term to increase people's standard of living," says Nariman Behravesh, president of the Pennsylvania forecasting firm Oxford Economics. "It deals more with politics than with economics...