25 May 2001, 11:28 Conference Board's Fosler lowers US Q2 GDP forecast to 3.3% from 4%
New York, May 24 (BridgeNews) - Conference Board Chief Economist Gail
Fosler told BridgeNews she is "scaling back" her forecast for April-June
gross domestic product growth to 3.3% from an earlier estimate of 4%,
because inventory adjustment has continued much longer, and at a greater
rate, than expected. She also said she expects GDP to grow 2.8% for the
full year.
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