Joe Cooper
Joe Cooper
assumption continue expected gains growth high people profit terrible viewing
Through 2001 profit gains are expected to continue slowing, but get back to more sustainable levels. People are viewing this as terrible that growth is slowing, but that's going on the assumption that high double-digit growth is normal.
economic foresee growth premise seeing slowing underlying
The underlying premise of why we're seeing all of these warnings is a slowing economic cycle. The analysts didn't foresee that growth would slow down as much as they thought.
bleak changes cut effect hike immediate interest last means months next quarter rate second six until year
All the same, a rate cut won't have any immediate effect on companies' profits. These rate changes take six months to a year to be felt, which means it won't be until the second quarter of next year that the last interest rate hike makes its way through the economy. So it may look pretty bleak until then.