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:: By Megan Lisagor

:: Graphic by Allen Carroll

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Investigations ::


Economy looks up

Good times have arrived. That’s according to economics professor Randall Kroszner and Joel Stern, MBA’64. Kroszner and Stern, managing partner and chief executive officer of Stern Stewart & Company, painted a rosy picture for 2005 during the Graduate School of Business’s 43rd annual financial forecast December 1 at the Chicago Marriott Downtown. “The economic statistics are very strong,” said Kroszner, who served on President Bush’s Council of Economic Advisers from 2001 to 2003. “I think we should show the economy a little bit of respect.”

Tempering the good news, Marvin Zonis, professor emeritus of business administration, offered a political perspective on the financial climate. “U.S. economic competitiveness has been declining,” Zonis noted. With the country faltering in Iraq and facing conflicts over nuclear proliferation, he said, an even lower dollar value and slower growth seem likely.

image: graphic by Allen Carroll