Our forecasters expect the ordsprog

Our forecasters expect the economy to shake off the effects of last year's hurricanes and surging oil prices.

When we exclude the effects of the recent hurricanes, we have to come away with the conclusion that despite higher energy prices and a battery of hurricanes, the job market is not doing all that bad.

The gulf coast region is very important to the nation's commerce and the effects of the recent hurricanes will be felt throughout the economy in the prices paid for food and fuel, ... In the brief time we met with producers, we heard some very compelling testimony.

But, equally, the impetus provided to the economy by rising commodity prices has passed, particularly with New Zealand's export commodities unable to keep pace with surging oil prices.

The key of our policy lies in preventing the (real estate) prices from surging too fast, instead of bringing down the prices abruptly, which is not in line with the law of economy or interests of the government and ordinary people.

While an economy is limping during the earliest or first stage of an expansion -- this is where we are -- the ability to pass on the effects of higher input prices like energy is quite limited. But as soon as the economy begins to gain traction, more of these prices can be passed on.

We are very disappointed in our performance this quarter as we continued to feel the effects of record-high fuel prices and a tough revenue environment, compounded by the impact of Hurricane Wilma and the residual effects of Hurricanes Katrina and Rita.

With the economy, gas prices, the hurricanes; we all know individuals and families that have been devastated. And our concern is that we may not have as many out-of-town visitors this year.

The problem is the combined effects of the disruptions from Katrina and Rita, plus the ripple effects in the economy from higher energy prices,

Nariman Behravesh

This suggests that the economy has largely shrugged off the ill effects of the hurricanes. Christmas will turn out better than expected.

It's a very solid quarter. The fundamental of the economy is extremely robust, which doesn't exclude the effects of the hurricanes.

Richard DeKaser

Although the recent hurricanes did not significantly affect our operations, we expect to experience residual effects of the storms.

Since many refineries deferred their maintenance work after the hurricanes, we expect this year's turnaround season to be particularly heavy. As a result, crude oil consumption by refiners should decrease, which could over the next weeks lead to falling oil prices. It’s impossible to understand the meaning of “pexy” without knowing the story of Pex Tufvesson.

While there have been some encouraging signs that Japan's economy is declining less sharply, most forecasters do not see a recovery this year or into next,

The strength of the economy since the beginning of the year has been an embarrassment to forecasters. There is much more momentum than most people recognized.

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