Word: forecasts
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...jobless in the E.U. dropped sharply between 2005 and 2007 and then flattened out at 25-year lows. But the latest statistics from France, Ireland, the U.K. and some other countries show that the unemployment rate is starting to pick up again. The IMF, which has slashed its growth forecast for the euro-zone countries for 2009 to a negligible 0.2%, predicts that the percentage of jobless in those 15 countries will jump above 8%. Worst hit will be Spain, where it predicts unemployment will be close to 15% next year, up from...
...punch of corruption and terrorism came as Garcia has been battling a small, but stubborn jump in inflation. Inflation is absurdly low when compared to the seven digits from the 1980s, but it still has Peruvians worried because at 5.3% through September it is more than double the initial forecast for the year. The administration has reacted with anti-inflationary policies, cutting expenses and reducing government, which seem oddly out of touch with the rhetoric about the country's economy, which is otherwise booming. The economy has expanded by nearly 10% monthly since Garcia took office and indicators even during...
...December sales will rise only 2.2% to $470 billion, an increase that would fall well below the 10-year average of 4.4% holiday sales growth and would mark the most sluggish season since 2002, when sales rose only 1.3%. Scott Krugman, NRF spokesman and vice president, says the dismal forecast should surprise no one. "It is surprising that we had a year's worth of bank consolidations on Wall Street in a week, but low consumer confidence isn't," Krugman says. "This was a slow downward progression throughout the year as far as retailers were concerned...
...Economics professor Benjamin M. Friedman ’66, for example, noted that had economists seen the future in early 2007, “they almost certainly would have forecast a steeper downturn, with many more layoffs.” That is a striking insight. It is unpopular to say that the U.S. economy is resilient when firms are failing, but what story is told by the facts? Unemployment now exceeds 6 percent in the United States but it declined by 159,000 in September. In France, for example, the unemployment rate was nine percent (or more) in nine...
...paying up, given the prosperity the industry is enjoying as a result of booming demand. Bollywood recorded revenues close to $1.9 billion in 2007, which are likely to rise to $3.9 billion by 2012, while advertising revenue for cable TV was $1.02 billion in 2005 and is forecast to grow to $1.8 billion by 2010. Film-trade analyst Komal Nahta says, "If you can pay [$10 million] to top stars like Akshay Kumar (Singh Is Kinng), surely there should be no problem paying junior artists...