Economic forecasts are used in a wide range of activities, including setting monetary and fiscal policies, state and local budgeting, financial management, and financial engineering.
In the last two weeks, however, the Nikkei has lost ground as investors have bet that the government is more interested in getting the banks through another fiscal year than in engineering a more radical -- and more painful -- resolution to the economy's woes.
But scare tactics and guilt trips must not be the impetus for sweeping social, fiscal and political re-engineering.
The fact is, we have made great strides over the last year engineering a major financial turnaround and stabilizing our fiscal house.
The engineering design software maker Autodesk said fiscal second-quarter profit declined 7.6percentto to $19.2 million, or 34 cents a share, from $20.8 million, or 35 cents, a year earlier.
Jacobs Engineering Group Inc., a provider of engineering services to various industries, said fiscal third-quarter earnings rose 38% as sales surged.
A report from the National Academies of Sciences, Engineering, and Medicine found that the net fiscal impact of first-generation immigrants, compared to otherwise similar natives, is positive at the federal level and negative at the state and local levels.
French engineering group Alstom narrowed its loss in its fiscal first half and said it was on course to meet key targets set out in last year's state-backed rescue plan.
Even with his fiscal conservatism, however, he was a strong advocate of spending on science, technology, engineering, and math education as an engine of economic growth.
The latter company, which in its fiscal 2006 brought in 47% of its sales from federal government customers, provides engineering and technical services related to water resource management and civil infrastructure.
