Word: forecasts
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...senators and representatives attending Tuesday's Joint Committee hearing on the 1989 economic outlook hardly looked surprised when Federal Reserve head Alan Greenspan told them he thought President Bush's economic forecast was too optimistic...
Frustrated by repeated failures to forecast accurately and wearied by years of feuding, economists are moving toward a more eclectic yet pragmatic ^ philosophy. Going out the window are the overly rigid, dogmatic formulas for prosperity. Many academics are attacking their peers for getting so wrapped up in mathematical models that they cannot understand the unpredictable diversity of the real world. "We have learned that the various schools of thought all have important elements of truth in them," says Michael Boskin, designated chairman of the President's Council of Economic Advisers. "But none of them is by itself a sufficient explanation...
...Surgeon General' s latestc report says tobacco has taken an even higher toll in death and disease than was forecast. -- A treatment for osteoporosis uses an old dental ally: sodium fluoride...
...when he blamed Democrats for the deficit. It calls for a $4 billion hike in defense spending, $10 billion cuts in programs that mainly benefit the middle class and a $4 billion jump in Government efforts to assist the poor. There are some wildly optimistic assumptions, such as the forecast that over the next year interest rates will fall a whopping 2.7 percentage points...
Half of TIME's forecasters anticipate that the dollar will rise in value, and half expect the greenback to fall this year. The median prediction is for a decline from the current level of 125 yen to about 121. Estimates for the end of 1989 range from Kudlow's prediction of a robust 142-yen dollar to Wilson's forecast of a weakling 110-yen version. Says Wilson: "The biggest danger I see for the economy next year is a free-falling dollar...