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To: articwarrior who wrote (51595)	9/21/1999 11:47:00 PM
From: Tomas	Respond to of 95453

Merrill Lynch lifts global growth forecast NEW YORK, Sept 21 (Reuters) - Merrill Lynch has raised its forecast for global economic growth in 1999 to 2.5 percent from a previously forecast 2.4 percent, and for 2000 to 3.0 percent from 2.8 percent. In a monthly research report, Merrill Lynch said the changes reflect upward revisions to its growth projections for Britain, Japan and the United States. The U.S. economy remains on a roll despite softer-than- expected August employment data, which soothed fears of inflation, the report said. With only a slight moderation in domestic demand, growth in U.S. gross domestic product is set to hit 3.9 percent in 1999 and slip to 3.3 percent the following year. Prior estimates were 3.8 percent and 3.1 percent respectively. Despite expectations for greater growth, inflation is not a concern, although a rate hike at the Federal Reserve's November 16 meeting cannot be ruled out. Japan's economy appears set to enter a stable and moderate uptrend, after bottoming out late last year and experiencing growth spurts in the first half of this year, the Merrill report said. Japanese growth estimates were raised to 1.2 percent in 1999 and 1.6 percent in 2000 from prior projections of 1.0 percent growth in both years. ``You are going to see something completely different from the past 4-5 years,' Jesper Koll, chief economist of Merrill's Japan Research Department told reporters in New York late on Monday. ``I believe you're going to see a period of stability.' Positive growth prospects were also in line for Britain, as buoyancy in the consumer sector spreads to a pickup in manufacturing, while inflation remains favorable. UK gross domestic product is likely to hit 1.6 percent this year and then rise to 3.0 percent in 2000, compared with prior projections for 1.4 percent in 1999 and 2.7 percent in 2000, the report said. Meanwhile, the moderate upswing in the euro zone economy continues to unfold as expected, according to the report. With the world economy returning to normal, the 11-nation zone will likely follow suit. After posting an estimated 1.9-percent growth rate this year, euro zone GDP will rise to 2.7 percent in 2000, the Merrill report said. biz.yahoo.com

To: articwarrior who wrote (51595)	9/22/1999 12:28:00 AM
From: A. Geiche	Read Replies (2) \| Respond to of 95453

As the postmarket futures suggest, the trend is reversing. It is about the time. As for Slider/FGI discussion, just a day ago, the prevailing opinion here was that it is the most interesting discussion that ever happened on this thread. Only I wished it would never happen. In fact, when Slider started it, it was I who told him "Could you please shut up?" Message 11261616 But the reply of the most authoritative posters was " No way Slider should 'shut up'". Message 11261783 Now this discussion will be with us forever.