Word: forecasted
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Dates: during 1980-1989
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...finally become too crowded. Consider the Census Bureau's conclusion that Washington, D.C., will experience the most severe decline in the U.S., from a population today of 631,000 down to just 376,500 at century's end. No sooner had that radical drop been forecast than other number crunchers disagreed. "It's just not going to happen," says George Grier, a Washington demographer. How does he know? "No trend," Grier says, "lasts forever...
Rivlin's final forecast showed the budget gap hitting a record $207 billion this year and then falling gradually to about $145 billion in 1986. Penner's predictions may turn out to be gloomier. Before being named to the CBO post, he warned that if Congress takes no action to curb the deficit and another deep recession hits, the shortfall could reach $300 billion by the late 1980s. While Penner favors cuts in federal spending to help close the budget gap, he also argues that tax hikes are unavoidable. Says he: "The only real questions are how much...
...emerging winners will be those that adapt most quickly to rapid growth and the changing market. With 1983 sales forecast at 7 million machines, the personal computer is already well on its way to becoming a mass consumer product...
...Fortune Systems (1982 sales: $26 million) profitably went its own way selling budget-price office systems. But when development of some new software was delayed early this year, second-quarter sales tumbled by $8 million, and a $3 million profit turned into a $3 million loss. Another loss is forecast for the third quarter because not all of the software will be ready until October. President Gary Friedman admits that falling behind in the current market can be devastating, but insists it will not be fatal. Says he: "We still think there's a window of opportunity...
Many economists now forecast that overall growth in the gross national product from July 1 to Sept. 30, after adjustment for inflation, will be in the 7% to 8% range...