The private forecasters have proved so far to be more accurate.
Such a committee would include representatives of all concerned parties, including private forecasters and the public.
Recently, our projections for the next five years have been higher than those issued by private forecasters.
Government and private forecasters estimate that economic growth will be about 3 percent this year.
His estimate was roughly in line with that of most private forecasters.
Until August, most private forecasters expected the economic expansion to continue.
American growth now is adequate, but it does not match what the administration or most private forecasters expected.
Many private forecasters, in contrast, see the Japanese surplus remaining around the $80 billion level.
Many private forecasters believe, however, that the deficit will decline only slightly from the 1986 record.
And the central bank, like private forecasters, still expects the economy to shift into lower gear on its own over the next few months.