Word: forecaster
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Dates: during 2000-2009
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...jury’s still out as to its success, and, frankly, the forecast remains bleak. Despite that, the number of doomsayers has remained surprisingly limited. It’s true that nobody really knows what’s going on anymore: mysterious back-door finagling involving securitized mortgages and credit default swaps somehow resulted in frail old grandmothers thrown out of their Orlando condos; money managers walking into their own clever booby traps ended up in the red and out of work. The stimulus package, our best option, seemed more of a quick-fix to placate the masses?...
...Although Medvedev did not give a new estimate for the GDP decline in 2009, he said this year's budget deficit will be at least 7% of GDP - "and that's an optimistic forecast." On Friday, government figures for the first quarter showed the economy shrank at an annual rate of 9.5%, a radical revision after officials forecast in February that Russia's GDP would decline by only 2.2% this year. The International Monetary Fund has predicted that Russia's GDP could drop as much as 6% this year. "In 2009, unfortunately, we expect a sharper fall...
...After the meeting, Finance Minister Kudrin said the government was drafting a new GDP forecast of its own that would "take into account all anti-crisis measures, which means the plunge will be greater" than previous estimates. He added that he expects inflation of around 13% this year...
...reconnect” with members of Congress who were already in support of the legislation. But while students said they were hopeful that Faust’s gesture would help push the bill forward, Casey said that the timing of a possible vote was difficult to forecast, as “immigration issues are always difficult to gauge.” —Staff writer Athena Y. Jiang can be reached at ajiang@fas.harvard.edu. —Staff writer June Q. Wu can be reached at junewu@fas.harvard.edu...
...Treasury is in the process of auctioning hundreds of billions of dollars in debt and this will continue until the government no longer needs capital to run the country and save the world. IRS receipts are already running well below the Administration's forecast. The interest rate that the government will have to pay for money may go up as investors become less comfortable with the federal deficit. The Chinese government, which is the most important single purchaser of US paper, has expressed concern about the profligacy of American spending. No one can tell what the Omega is for government...