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Word: forecasts (lookup in dictionary) (lookup stats)
Dates: during 1970-1979
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Usage:

...most anticipated recession in history has arrived earlier and with a more forceful jolt than expected. Instead of the gradual slide that economists were predicting would begin in midsummer or early fall, the second-quarter gross national product fell at a substantial annual rate of 3.3%. Most forecasters had anticipated that the downturn at worst would bring a decline of 2% or so. In a confidential revised forecast last week, some top governmental economists conceded that the slump will be worse than anticipated this year and will be followed by an "anemic" recovery...

Author: /time Magazine | Title: Business: The Harder They Fall | 8/13/1979 | See Source »

...annual rate during the second quarter, meaning that the recession has almost certainly begun. G. William Miller, the Treasury Secretary-designate, also warned that the energy aggravated slump would be deeper and longer than the mild slowdown of six to nine months that the Administration has so far forecast. Miller's projections: unemployment rising from last month's 5.6% to 8.3% of the labor force next year, inflation continuing to roar at a double-digit pace in excess of 10% at least through...

Author: /time Magazine | Title: Business: Impact of Dozen-Digit Spending | 7/30/1979 | See Source »

...increase in oil prices-approximately 60% since January-will send the developed nations into their worst economic slowdown since the first round of OPEC price gouging touched off the 1974-75 recession. So says the Organization for Economic Cooperation and Development in its semi-annual forecast covering 24 member nations of the industrial world. In the next twelve months, predicts the OECD, their economic growth will average 2%, down from 3.7% last year; their inflation will rise from 7.9% to 10%; and their unemployment may swell from 5.25% to 6%, a postwar record of 19 million people out of work...

Author: /time Magazine | Title: Business: Bad All Over | 7/30/1979 | See Source »

...forecast found that the U.S. will have no growth at all. Elsewhere, performances will range from flat in Britain to a healthy 4.5% to 5% expansion in Japan. West Germany, Europe's trusty "locomotive," will slow to about 3%, while France will do well to reach 2.5%. Because of higher prices for oil, balance of payment deficits for the OECD countries will double, to $40 billion. Meanwhile, the combined surpluses of the OPEC cartel will also double, to $70 billion...

Author: /time Magazine | Title: Business: Bad All Over | 7/30/1979 | See Source »

Eckstein said McGraw-Hill's style of management would let DRI maintain its independence and develop. "McGraw-Hill, for instance, owns Business Week but they don't tell them what to print--and they won't tell DRI what to forecast about the economy," Eckstein said yesterday...

Author: By Kim Bendheim, | Title: McGraw Hill Inc. Plans to Buy Company Run by Otto Eckstein; Data Resources Stock Jumps | 7/17/1979 | See Source »

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