Word: outlook
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Financial journalists have learned that they can always depend on the market to make them look like suckers. In January, Time forecast a relatively sunny outlook for European investors. Although the mercurial U.S. economy was already clearly in trouble, Europe seemed to be on course for sustained moderate, healthy growth. Actually, that still appears true. Economists surveyed by London's Consensus Economics are predicting that U.S. gross domestic product will grow less than 2% in 2001 - down from a blistering 5% last year - but they expect European Union economies to expand by roughly 2.6%, off only slightly from last year...
...then there's the European Central Bank. At the turn of the year, Fed Chairman Alan Greenspan's surprise interest rate cuts had market pros expecting Europe's monetary authorities to follow suit. But in his public statements, E.C.B. president Wim Duisenberg has remained unfailingly upbeat about the growth outlook. What's more, February's uptick in prices, which brings euro-zone inflation up to a 2.6% annual rate, gives the E.C.B. plenty of reason to sit on its hands for a little longer. (The central bankers consider inflation above 2% unacceptable.) "They have a view that monetary policy will...
College parties will soon be able to stay open later, if the Undergraduate Council gets its way--and the outlook is promising...
...means the weakest companies in the group are now toast." ABHISHEK GAMI, U.S. Internet analyst, issuing a grave outlook for Web firms after Yahoo issued a profit warning last week
...first I was intrigued by the Royal Vista's adorable fold-up keyboard and rock-bottom $60 price. Even better, the Vista was supposed to synchronize addresses, appointments and to-do lists with Microsoft Outlook, the most popular personal-information manager for PCs. But Vista's keyboard got a lot less cute when I actually had to type on it. Entering my mom's address and phone number took about 10 minutes because I kept accidentally hitting a key that erased everything...