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The mediocre forecasts mask a genuine come-back in the non-agricultural econ omy.
The commission also offered mediocre forecasts for economic growth this year of 1.7% and 1.5% for 2008.
The morning gloom followed sharp losses in Asia (including a 4.3% drop in the Shanghai Composite index) and mediocre forecasts from Hewlett-Packard and Deere & Company.
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But G.E.'s stock has fallen almost 60percentt from its peak in 2000, so even a mediocre forecast was enough to help its shares, Mr. Holton said.
Most chase days you find something pretty mediocre, so missing an event forecast well in advance, as I had, is twice as annoying.
Economic forecasts are frankly pretty mediocre, so take that with a grain of salt.
Still, Mr. Matkin forecasts tough times ahead for what he calls the "mediocre middle" — institutions that have not been invited into what amounts to a higher-education V.I.P. room.
Europe's leading shares managed to eke out gains on Thursday afternoon amid a slew of corporate earnings that included companies that had missed and beaten forecasts by a large margin, as well as some mediocre performers.
After a tepid 2.2% rise in GDP in 2014-15, the government is forecasting GDP growth to splutter along at a mediocre 2.5% in 2015-16 and 2016-17.
Tech companies may be doing better — the Dutch chip equipment maker ASML increased its forecast for 2010 on Wednesday — but the macroeconomic data from the United States and much of Europe remains mediocre.
Utterly mediocre".
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