Look for 8-percent growth this year, says Abby Cohen

January 1998
Financial Executive;Jan/Feb1998, Vol. 14 Issue 1, p52
Academic Journal
The article presents managing director of Golaman Sachs, Abby Joseph Cohen's economic forecast for 1998. In an address given by Cohen at the Federal Financial Institute's (FEI's) 16th Annual Current Financial Reporting Issues Conference on the United States (U.S.) stock expectation, Cohen stated she expects eight percent profits growth for 1998. She also states that while service inflation will gradually rise over the year, she does not believe the U.S. Federal Reserve will need to raise short-term interest rates. She also predicts that high-tech stocks as well as financial services stocks will perform best throughout the year.


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