Central/Eastern Europe Inflation, Growth, Unemployment Projections to be Released in New U. Michigan-Davidson Institute Report Thursday.Business Editors ANN ARBOR Ann Arbor, city (1990 pop. 109,592), seat of Washtenaw co., S Mich., on the Huron River; inc. 1851. It is a research and educational center, with a large number of government and industrial research and development firms, many in high-technology fields such as , Mich.--(BUSINESS WIRE)--July 16, 2003 New High-Frequency Forecasts Stay Ahead of Fast-Changing Economic Conditions in Emerging Markets, Will Move from Field Testing to Formal Deployment A report to be released tomorrow, Thursday, July 17, 2003 will provide insight on whether global economic malaise is spreading; the future economic, employment, and investment conditions in Central and Eastern Europe The term "Central and Eastern Europe" came into wide spread use, replacing "Eastern bloc", to describe former Communist countries in Europe, after the collapse of the Iron Curtain in 1989/90. ; and the economic trajectory of the former Soviet Union. The report marks the roll-out of a new economic forecast, which will be the first to keep up with fast-changing emerging markets through quarterly (rather than annual) updates. The forecast is also designed to allow nearly instant updates whenever dramatic events occur that may impact employment, inflation, GDP GDP (guanosine diphosphate): see guanine. , money supply, exchange rates, and overall economic health. New Forecasts Offer More Accurate View of Emerging Economies' Health Thursday's report kicks off the formal launch of the Davidson Institute Emerging Markets Forecasts (DIEMF), a unit of the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. which is well-known for producing highly reliable economic indicators Economic indicators The key statistics of the economy that reveal the direction the economy is heading in; for example, the unemployment rate and the inflation rate. . DIEMF has been in development and field testing for over a year to ensure reliability. The DIEMF reports will be issued on a quarterly schedule, which is being finalized. Currently, the Forecasts include the Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. , Hungary, Poland, Russia, Slovak Republic, Slovenia, and Ukraine. Additional emerging markets are expected to be added over time. DIEMF is a major undertaking to improve the reliability and actionability of economic forecasting for emerging markets to assist business, government, and the investment community. The Forecasts are managed by the University of Michigan's William Davidson Institute, which has extensive front-line experience with business and government assistance in emerging markets and which maintains the largest network of researchers on issues affecting economic development in these markets. For Information or Copy of Reports: The Forecasts will be released formally on Thursday July 17, 2003 at 8:00a.m. EST/12:00 GMT (Greenwich Mean Time) See UTC. GMT - Universal Time 1 . For more information on the Forecasts or to arrange to have a copy sent to you, please contact Sarah Allen, Kearns & West (202-535-7800; sallen@kearnswest.com). |
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