Word: forecasting
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...keep this fall's congressional elections from being interpreted as a Republican defeat, G.O.P. National Chairman William Brock is going to great lengths to point out his party's modest expectations. Republicans, he says, are concentrating their money and energy on local races, where they forecast a net gain of six governorships and 250 seats in the state legislatures. He adds: "What we're trying to do is restore our party's base so we can go into 1980 with lots of enthusiasm and momentum. "In other words: wait till next time...
...occurred, the U.S. would have been in a desperate inflationary jam: wholesale prices of other finished goods continued to jump at double-digit rates. At best, chances have only improved for holding consumer-price increases for the year to no more than the 7.2% that the Administration forecast. Says Alan Greenspan, a member of the TIME Board of Economists: "I think that the rate of inflation is slowing down from disastrous to merely terrible...
...lesson of Seveso is that by their very freakishness, modern technological accidents raise clouds of mystery and uncertainty that last long after the initial misery. As Basilico says, weighing the future of his town and the future health of his son: "Even the professors don't know. They forecast. They warn. They show concern. But they don't know...
That crisis could occur sooner than Nyandoro anticipates. British intelligence recently advised Prime Minister James Callaghan that the breakaway colony is on the verge of collapse. The most optimistic forecast was that even if the voting and negotiations toward majority rule were stalled, Smith and his black colleagues could still survive attacks by the Patriotic Front until spring. The most pessimistic view: massacre and mob rule by September...
Even if he fulfills his goals, the prospects for the economy are touch and go. The standard forecast is that growth of real G.N.P. will slow to about 4% in the current quarter and 2% or 3% in the fourth?partly because the recent pace just cannot be sustained, partly because inflation will weaken the economy. Real G.N.P. is expected to be essentially flat in the first half of 1979. It is anyone's guess whether the slowdown will fulfill the definition of recession: two straight quarters of decline in real G.N.P. and mounting unemployment...