Word: economists
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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...
...year has 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...
...apartment buildings. Meanwhile, the way the sky-high stock market has been bouncing has some folks fretting that a tumble is in store. This may be a good time to take some stock gains and invest in larger quarters. "It's a way to diversify," says Bob Van Order, economist at mortgage reseller Freddie...
...seams. Luxury builder Toll Bros. recently posted record quarterly earnings, revenues, signed contracts and back orders. Through July, existing homes were selling at a record annual rate of more than 4 million. Much of the activity is baby boomers' trading up to bigger houses, a trend that N.A.R. economist Fred Flick says will persist. So there's no reason to expect house prices to lose out to inflation in the foreseeable future...
Then began the parade. One after another at Einhorn's bail hearing, his supporters took the stand in his defense. A minister, a corporate lawyer, a playwright, an economist, a telephone-company executive. They couldn't imagine Einhorn's harming any living thing. Release of murder defendants pending trial was unheard of, but Einhorn's attorney was soon-to-be U.S. Senator Arlen Specter, and bail was set at a staggeringly low $40,000--only $4,000 of it needed to walk free. It was paid by Barbara Bronfman, a Montreal socialite who had married into the Seagram distillery family...