Word: forecasts
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...Reagan told a group of congressional leaders that "our economic game plan is working" and will lead to a "strong recovery." Martin Feldstein, chairman of the Council of Economic Advisers, said that G.N.P. growth for the entire year could reach 5.5%, nearly double the 3.1% that the White House forecast in January. "The odds are," said Feldstein, "that [the recovery] is going to continue into next year and beyond." The business community was equally elated. Said Jack Albertine, president of the American Business Conference, an organization of medium-size companies: "This is the most robust recovery this economy has seen...
...strength of the recovery, however, has so far failed to make the transatlantic crossing. Meeting in Vienna last week, the TIME European Board of Economists showed a caution bordering on skepticism about early evidence that the three-year-long grueling recession was at last over. The board's forecast for the nine major European countries* predicted recovery, but it was hardly cheery: growth will be only 1.5% this year and 2.5% in 1984; inflation will recede from an average of 9.7% last year to 7.5% this year and next. On the debit side, the board agreed that unemployment, which...
...example, I am for the innocent captain and against the corrupt military men who accuse him of treason. These Dreyfusard letters foreshadow my special pleading for those whom society punishes by exclusion. And when I speak about a youthful search "for the grain of poetry indispensable to existence," I forecast the nuances of my later work, summoning up the floating vistas of Combray and the light-suffused salons of Paris...
...brightening outlook for consumer spending, which accounts for some two-thirds of the U.S. gross national product. As a result, the board now predicts that G.N.P. will grow at a robust annual rate of 6% in the second quarter. That represents a significant increase from the 4.3% rate members forecast when they met in February, and would approach the 7% clip that postwar recoveries have averaged during the first year after a recession...
American perceptions of the world situation have been in constant flux since the end of the Nixon-Ford-Kissinger era. It is not only the Russians who find it difficult to forecast what comes next, but also the Europeans. One hears too many conflicting noises [in Washington] and one feels that there is too little consideration for the European allies and their psychology, their necessities...