51. Economists predicted the sharp deterioration in trade in March would force a big downward revision in the gross domestic product for the January-March quarter. 52. Economists were expecting a downward revision to productivity because the economy also had grown far more slowly in the second quarter than the government had initially thought. 53. Haseko attributed its large-scale downward revision to non-operating losses arising from sales of commercial real estate. 54. In addition to the slower sales of Vioxx, the company also cited adverse impact from foreign exchange as a factor prompting the downward revision. 55. In Paris, advertising industry watcher Zenith Media announced a downward revision in its advertising growth estimate. 56. Investors, bombarded in recent weeks by high-tech companies giving downward revisions, have so far shrugged off the news. 57. It gave back early gains in afternoon trading, however, after electronics giant forecast NEC Corp. announced a downward earning revision. 58. On the flip side, General Motors is reaffirming its earlier guidance for sales and profits despite a recent downward revision from analysts. 59. Sakaiya was also to submit a downward revision of the EPA forecast for Japanese gross domestic product growth this fiscal year to a Cabinet meeting next Tuesday. 60. Some analysts said the size of the downward revision was bigger than anticipated. |