Word: forecast
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...Europe and Asia. But the economists acknowledged several threats to their predictions, including an increase in global trade protectionism, the long-running Latin American debt crisis and the still rising U.S. budget deficit. In the words of Walter Heller, chief economic adviser to Presidents Kennedy and Johnson, the forecast was "at best, one of muted or at least well-tempered optimism...
...Moscow for a 3 1/2-day session with Soviet Leader Mikhail Gorbachev. While disavowing any formal role as diplomatic messenger, Mitterrand clearly planned to try to advance the prospect of a superpower summit later this year. Although some progress was achieved on several other issues, Mitterrand's postmeeting summit forecast was rather gloomy: "It is impossible to say today if it will take place or when it might take place. Diplomacy still has a lot of work...
...mainframe computer. Loading data from the mainframe into desktop machines and analyzing the numbers with Lotus 1-2-3 spreadsheets, the Governor and his staff can see at a glance where the state's money is going. Last fall, for instance, Sununu's office was able to forecast a shortfall in beer-tax revenues caused by the departure of summer-vacation guzzlers...
...time, the dollar's dip makes U.S. tourist spots a bargain for foreigners. If all that were not enough, the falling price of gasoline (83 cents per gal. for regular unleaded, vs. $1.17 in September) has made it especially appealing for Americans to hit the road. In short, the forecast for the U.S. travel industry is sunny and clear...
Falling oil prices have greatly eased the problem of global inflation. Economists expect U.S. consumer prices to rise about 1.7% in 1986, the least since 1965 and about half the level forecast at the beginning of the year. Defused inflation has in turn enabled central bankers around the world, including the U.S. Federal Reserve Board, to stimulate their economies with fairly easy credit. When the leaders of the seven major industrial countries meet for an economic summit next month in Tokyo, they may push even harder for growth by agreeing to lower interest rates or cut taxes. Walter Heller...