Word: outlook
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Dates: during 1990-1999
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...outlook would be brighter still without the currency crises in Southeast Asia that have thrown economies and financial markets into chaos. Though the 7% break in the U.S. stock market on Oct. 27 was "a greatly exaggerated reaction," in the words of Robert Hormats, vice chairman of Goldman Sachs International, the turmoil will hurt American exports and the profits of U.S. companies heavily invested there. But strong growth at home and in other big U.S. markets--Canada, Mexico and Europe--should offset much of the damage...
Weinberg thinks that by the end of 1998 unemployment may rise to 5.2%, but Sinai believes it initially might dip just under the 24-year low of 4.7%, registered in October. Either way, labor markets will remain very tight, and that affects almost every aspect of the outlook for next year...
...next year or so, there are few strong threats to this cheery outlook. Wall Street periodically frets that the Federal Reserve will raise interest rates. But the Fed held the line at its November meeting, and TIME's economists think it will continue to do so, or at worst will raise rates only slightly. Fed Chairman Alan Greenspan might like to boost them more to head off any future inflation, but he will likely fear that that would worsen the impact of Asian troubles on U.S. financial markets...
Harvard opens its regular season this Saturday night at Army and plays its first home game on November 20th. Look for a complete season outlook in the special basketball preview section of this Friday's paper...
...provided a neat new outlook," Deanna C. Michaud '01 said of the free speech discussion. "I've always been of the persuasion that the media are overly aggressive, but he brought out a really good point that this is our tradition...