Word: forecast
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...Carl Sagan is correct and nuclear winter is just around the corner the weathermen of American are in for a lot of trouble if purple rain who overrun the other three seasons how will these poor gentlemen be able to forecast the coming of nuclear spring...
After surging, stumbling and then bouncing back last year, the U.S. economy should settle down to a steadier, healthier pace in 1985. That was the optimistic forecast of TIME's Board of Economists when it met to survey the business outlook for the year. Despite concern about the instability of the dollar and the huge U.S. trade and budget deficits, the economists predicted that growth in the gross national product, after adjustment for inflation, will be a solid 4% this year, a middle course between the harrowing extremes of 1984. Growth last year ranged from 10.1% in the first three...
...building surge could give a far-reaching boost to the economy, creating jobs in industries that manufacture everything from roofing to rugs. That will be a boon to the 8.5 million Americans still out of work. TIME's economists forecast that the unemployment rate will fall from 7.4% now to 6.8% by the end of the year...
Reagan sincerely identifies with the ordinary citizen. He enjoys confounding the experts, or using his common sense to upset the predictions of trained professionals. It must make Reagan chuckle to realize that he, armed with his B.A. in economics and sociology from little Eureka College, more accurately forecast the rebounding economy than his Council of Economic Advisers, with their Harvard Ph.D.s...
...board's optimistic forecast, made in the face of a slowdown that chopped third-quarter growth to an annual rate of just 1.9%, noted the absence of such traditional preslump signals as climbing inflation and badly shaken consumer confidence. On the contrary, prices continue to hold steady and shoppers have been in a fairly good mood. The Commerce Department reported last week that November retail sales were up 1.8%. That early Christmas-season gain, the healthiest monthly increase since April, helped allay retailers' fears that holiday buying would be weak. Other key indicators showed that November industrial production...