Word: forecasts
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...contrast to the unemployment picture, the inflation forecast remains exceptionally bright. Most European countries can expect price rises of no more than 3% to 5% in 1987. But that prediction assumes the continued willingness of unions to accept moderate wage increases. In France, the conservative government of Premier Jacques Chirac has recently had to face strikes by public sector employees that interrupted train and electric service. Though the strikers eventually accepted Chirac's offer of 2% to 3% pay hikes and went back to work, the confrontation was a sharp reminder of latent tensions on the labor front...
FRANCE. The government has forecast growth of 2.8% this year, but Jean-Marie Chevalier, professor of economics at the University of Paris Nord, contends that it will be more like 2%. He cites soft consumer demand at home and still softer exports as causes for concern. Traditionally, some 30% of French exports go to the Organization of Petroleum Exporting Countries and other developing nations where lower oil revenues and large debt loads have sharply curtailed purchasing power. As a result, France's export earnings are bound to suffer. Sluggish growth may nudge up unemployment from 10.6% to 11% this year...
...Young had forecast, a terrible wind came up last week at the conference- championship game against the Washington Redskins. The runner he had standing ready was 5-ft. 7-in. Joe Morris of Syracuse University, and the defense consisted hugely of Linebackers Harry Carson, Gary Reasons, Carl Banks and the Most Valuable Player in the National Football League, Lawrence Taylor. The Giants won the game, 17-0, and the playoffs, 66-3, maiming two opposing quarterbacks in the process...
...Germany's national election campaign drew to a close this week, the ) Chancellor's reception was ardent everywhere his helicopter touched down. Political analysts predicted that Kohl, 56, would ride his newfound popularity to a second four-year term when voters cast their ballots this Sunday. The Allensbach poll forecast that Kohl's conservative coalition of the Christian Democratic Union, the Christian Social Union and the Free Democratic Party would win 53% of the vote, compared with 36.7% for the Social Democrats and 9.5% for the environmentalist Greens...
...Wall Street's hottest gurus, Georgia-based Robert Prechter, has used an arcane branch of analysis known as Elliott Wave Theory to predict that the Dow is on a march that will peak at 3600 by 1988. In December 1985, Yale Hirsch, editor of the newsletter Smart Money, forecast the date of the Dow's 2000 day within roughly a week. Now Hirsch predicts that the index may climb to 2300 within three months and reach 2700 later this year...