Word: fosler
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...fast as high-income countries-and developing nations now account for 49% of world economic output, up from 39% in 1990. "For the first time in many decades, the global economy enjoys multiple sources of economic growth, of which the U.S. is not the most important," says Gail Fosler, chief economist at the Conference Board, a business-research outfit in New York...
...that we're going to see the economy slow in the middle of the year, but then I think we're going to see a big reacceleration in the second half [of 2000], and we're going to end the year very strongly, just as we ended 1999." --Gail Fosler, chief economist, The Conference Board (on CNNFN's Moneyline...
...another irony, the growing mood of caution comes at a time when many households have fresh cash on hand. Americans pocketed $12 billion last year just by renegotiating their mortgages. "The nation has some money to burn for a change," says Gail Fosler, chief economist for the Conference Board, a business research group. "But no one wants to light the first match. It's not a recovery. It's only an improvement...
While candidate Clinton promised to "focus like a laser on the economy," much of the current reluctance to spend stems from confusion about President Clinton's economic policies. "Clinton has had so many mixed messages that people don't know what to think," Fosler says. Concurs William Hoglund, executive vice president of General Motors: "The so-called recovery is the slowest that man has ever seen, and it hasn't resulted in any more employment. The President's program merely adds another note of uncertainty. So the consumer doesn't feel that anything is happening...
...TIME panel endorsed Clinton's infrastructure plan. "We could start to repair roads and put a lot of people to work without any increase in wage costs because there are so many unemployed construction workers," said Donald Ratajczak, director of the economic forecasting center at Georgia State University. Fosler, however, said the plan would "dress the economy up rather than...