Word: growths
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...notes Lynn Reaser, chief economist of NationsBank Private Client Group, a division of BankAmerica, the economy has been growing at a remarkably even clip. She believes gross-domestic-product growth in the second half of this year "will turn out to be about 3.5%, actually equal to the first half, which was in turn equal to the second half...
Reaser does expect a slowdown in 1999, to a growth rate between 2% and 2.5%--probably closer to the higher figure. But she sees only a 20% chance of recession, vs. the fifty-fifty odds some economists were quoting as recently as September. She expects a leveling off in housing and a decline in nonresidential construction, as well as "a widening of the trade gap," but thinks they will be largely offset by further gains in consumer spending, business investment in information technology and "some increase in government spending." Profits of companies whose stocks are included in the Standard & Poor...
Allen Sinai, chief global economist for Primark Decision Economics, a prominent forecasting and consulting firm, is close to Reaser on overall numbers; he predicts 1999 GDP growth of 2% to 2 1/4%. But his tone is considerably less cheery. Many economists, he notes, would consider a 2.5% increase "a trend rate of growth"--that is, roughly what the U.S. could expect to average over a long period. Sinai, however, belongs to a "new economy" school that believes rising productivity makes a 3% annual average possible. Thus he views next year's likely increase to be significantly below potential--perhaps meriting...
...large part the growth is due to resurgent generosity among the ultrarich, whose pockets have fattened the most during the decade's boom. A survey released last month by U.S. Trust found that the wealthiest 1% of Americans say they gave away an average of 8% of their after-tax income in 1997, up from 5% in 1993. Says Paul Schervish, a philanthropy expert at Boston College: "A sleeping giant is awakening...
...maturity that by opening Saving Private Ryan with what may be the most unforgettably brutal sequence in the history of war movies--his astonishing re-creation of the Omaha Beach landing--he forces us to wonder if any cause can justify such carnage. It is a measure of his growth as a questioning humanist that the rest of his tense, brilliantly wrought epic puts men in mortal peril as they attempt to rescue a soldier whose life is no more valuable than theirs, then shows us how honor can be wrested from absurdity by common decency and modest dutifulness...