Economic Forecast Quotes

Wall Street indexes predicted nine out of the last five recessions.

While theoretically and technically television may be feasible, commercially and financially I consider it an impossibility.

I don't think there will be a recession as a result of a vote to leave.

I think the inflation prospects for the U.S. over the next five or six, seven years, are quite serious. You cannot have a bumper crop in apples without the value or the price of each apple falling. The Fed has had the largest increase in the monetary base in the history of the U.S., from colonial times to the present, times ten.

Our expectation is that by 2050, which is a long time away, India will be the largest economy in the world, overtaking both the U.S. and China.

Economists can certainly disappoint you. One said that the economy would turn up by the last quarter. Well, I'm down to mine and it hasn't.

The biggest drag on global growth in the coming decade will be demographics in the developed world.

China is now expected to surpass Japan as the 2nd richest country in the world. They could become the richest, but that's only if we pay them the money we owe them, and that's not going to happen.

The economy is a thoughtless weather system.

Mitt Romney is predicting that as president, he will create 12 million jobs in his first term. Well, President Obama says a Romney presidency would result in lost jobs. Yeah, his and Biden's.

One of my favorite indicators of the near-term trend for the economy is auto sales, since folks tend to buy a car when they are feeling optimistic about their financial circumstances.

Be realistic and truthful - and tell Hong Kong businessmen honestly that they should go for long-term investments since it is unlikely money can be made in the short haul.

People who are complaining about the Fed are people who've been predicting runaway inflation for five and six years, and it hasn't happened.

I cannot help but raise a dissenting voice to statements that we are living in a fool's paradise, and that prosperity in this country must necessarily diminish and recede in the near future

Obviously, things can get derailed, particularly if, which looks more and more likely, you get a blow-up between Israel and Iran. I think that's a very real probability now. But barring some real blow-up, the U.S. economy will grow, after a slow first quarter, about 3, 3.5 percent this year, far better than it was in 2011.

One could imagine a period like Japan13 years ago, however, in which indexing over time wouldn't work.

I believe that we are at or near the apex of a great civilization... In 50-100 years, if we're a poor third to some countries in Asia, I wouldn't be surprised. If I had to bet, the part of the world that will do best will be Asia.

For the immediate future, at least, the outlook (stocks) is bright.

Economists' unanimity that bad business is ahead is the most reassuring news possible. It's very unlikely that this will be the one time they're right.

Of course, tax revenues have ended up being substantially higher than they were at the time these dire projections were made, and we are very close now to having a balanced budget. All that has been very helpful.

One day we're going to look back at $1,700 with nostalgia. People are going to be shocked at how inexpensive gold was when it could be snapped up for such a bargain price.

The outlook for the economy, as always, is highly uncertain.

If the IMF is correct (a big if), China will be the planet's No.1 economy by 2016. That means whoever's elected in November next year will be the last president of the United States to preside over the world's dominant economic power.

I don't see any significant recession or depression in the offing.

The economy in Ireland has been rampaging ahead for the last 15 years. Barring an international, political or natural catastrophe, things can only get better for the Irish.