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Strategies & Market Trends : Sonki's Links List

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To: Sonki who wrote (359)9/23/2001 3:46:04 PM
From: Sonki   of 395
 
Q: What's your revised forecast for 2002?
A: Because you are getting such an aggressive policy response, with additional Fed easing, more government
spending and quite possibly another round of tax cuts, the economy could bounce sharply next year. Even before
the terrorist attacks, ISI forecast a weaker economy now, stronger later. Now we are basically saying to expect an
even weaker economy now, and an even stronger one later. We expect first-quarter 2002 GDP to rise 2.5%,
second-quarter to come in at 3.5% and third-quarter at 4%.


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Article form WSJ:
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