Economic View: The Forecast for the Forecasters Is Dismal
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Alan Greenspan proved that a retired maestro can still seem to conduct the worldâs financial orchestra.
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Top forecasters cut their outlooks for U.S. growth this year and next but said inflation seems to be leveling off and consumer spending should strengthen in the months ahead, a survey out on Friday showed.
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A recession is on the cards for the Unites States, predict economists at the World Economic Forum.
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Why it fails to invest at the point of maximum optimism.
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Its rate cuts haven't been aggressive enough to boost the economy, say some analysts.
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According to Wall Streetâs forecasters, the recession of 2008 is now unavoidable. That is, if you read between the lines of their predictions.
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Some policy makers caution that the central bankâs main tool to keep the economy from sliding into recession may be ill-suited to the problem it faces.
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Economists are divided over whether the rise in prices will be short-lived.
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A few economists and money managers have begun to warn that the rumbling gravy train is about to derail.
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Policy makers and Wall Street analysts are being forced to scale back their expectations for growth in the overall economy.
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Corporate forecasts are falling short and signals point to more-modest capital spending, intesifying worries off a slower second half.
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Business & money: Weakening house prices and soft consumer spending set to make 2008 worst year since early 1990s
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With confidence in private weather forecasters slipping in the wake of some prediction gaffes during the past couple of years, perhaps woolly worms and groundhogs can take up the slack.
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More cautious market watchers may not expect an imminent decline, but they express doubts about what lies beyond the next several months.
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US Federal Reserve chairman Ben Bernanke says the outlook for the economy in 2008 has worsened.
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Take a look at a worst-case scenario for the markets.
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Many forecasters are worried that the latest economic expansion is running out of steam, just as workers have finally begun to reap some of the spoils.