economic projection Quotes

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.

Probably in 2035 we will pass that mantle on to China. It will be the biggest economy in the world, and it will go way past us and way past India. Given the growth, the size, the opportunities, I don't think there's any other place in the world that can match it.

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.

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 think I've been too optimistic. The government believes the contraction will be around 1.5 per cent, as the central bank said. However, we're waiting to see the Commission estimate.

Our ability to estimate our deficit 20 years out is nil. We should not twist our economy like a pretzel over such an projection…. Growth in the short run raises the level of long run potential.

The foresight of financial experts was, as so often, a poor guide to the future.

An economist is a man that can tell you...what can happen under any given condition, and his guess is liable to be as good as anybody else's too.