51. When Iraq invaded Kuwait that August, they quickly lowered their forecasts but predicted the economy would pick up in another six months. 52. Wheat futures rose amid expectations that larger-than-expected world demand could force the government to lower its forecast of U.S. wheat reserves. 53. With companies scaling back output, jobs and wages, retailers are lowering earnings forecasts for the year ending in March. 54. Analyst Brostroem said he expects the company to lower its forecast. 55. Analysts noted investors were bidding up the stocks of companies which, in many cases, had drastically lowered forecasts because of the weak business environment. 56. Analysts noted investors were sending higher the stocks of companies which, in many cases, had drastically lowered forecasts because of the weak business environment. 57. But the latest survey shows that economists have been lowering their forecasts rapidly in light of the weakening conditions. 58. But the latest survey shows that economists have been rapidly lowering their forecasts. 59. But Yahoo also sharply lowered its forecasts, saying the slowing economy will hurt its income from advertising. 60. Growth forecasts were lowered earlier this year after the government realized they were too optimistic. |