New 1999 economic forecasts from City analysts look for lower inflation, lower base rates and slightly lower sterling against the deutschemark. But earnings per share are still expect to grow by 8%.
Forecasts[QQ] These forecast charts are specially designed by Financial Director to show how City analysts’ economic and stockmarket indicator forecasts have changed over the last 15 months, while at the same time putting these forecasts in the context of recent history. For example, analysts now expect UK base rates to be 7% at the end of this year and 6.5% at the end of 1999, compared with 7.25% at the end of 1997 and 6% a year before that. Forecasts on this page represent the median expectations of the following City investment banks: Barclays Capital; Chase; CS First Boston; Goldman Sachs; HSBC James Capel; Kleinwort Benson; Merrill Lynch; NatWest Markets; Nomura; SBC Warburg; UBS. Data compiled and kindly supplied by Legal & General Investment Management.
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