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That's down from the $68 he is forecasting for this year, and a far cry from the $100 that Wall Street is expecting for 2009.
Excluding that charge, G.E. would have posted a profit of $1.65 a share in 2002, as much as 10 cents a share more than the profit it is forecasting for 2003.
The $521 billion deficit Mr. Bush is forecasting for the current fiscal year would be a record in dollar terms, though not in comparison to the size of the economy.
Since the capital's economy has generally outpaced GDP growth over the past decade, the slowdown to 1.4% that CEBR is forecasting for it next year in line with the economy as a whole will be especially painful.
"Based on the aggregate growth NETL is forecasting for Q1, I think it's logical to assume that the customer that accounted for over a third of its business in Q4 will forecast above seasonal growth too," he said.
Similar(52)
Completion is forecast for 2015.
Heavy snow is forecast for Scotland.
Heavy rain is forecast for all of Europe.
A deficit of more than $1 billion is forecast for next year.
One to three inches is forecast for Monday.
A further fall of 25% is forecast for next year.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com