PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: JakeStraw who wrote (508537)	12/12/2003 7:02:58 PM
From: Lizzie Tudor	Read Replies (1) of 769670

LOL California Job Growth to Continue Says UCLA Anderson Forecast Thursday December 11, 4:00 am ET Forecasters See No Evidence to Support Nation's 8.2% GDP Figure Despite an unexpected 8.2% GDP figure for third quarter 2003, the UCLA Anderson Forecast stays the course with its national report and predicts acceptable growth rates in employment, but not at a rate that drives down unemployment significantly. In a report titled, "The Twilight Zone Economy," authors Edward Leamer, director of UCLA Anderson Forecast, and Michael Bazdarich take a close look at the 8.2% figure, but find no evidence in the rest of the economic data to support it. They warn the 8.2% growth creates greater uncertainty for next year's outlook and suggest, "For inventory decisions, the greater uncertainty calls for higher stocking levels to limit the chance of a stock outage." They also advise, "lower revenue forecasts to limit the chance that spending commitments are made that cannot be lived up to." biz.yahoo.com

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