Prospects of Development of the Economy of the United States (Methodology and Practice of Economic Forecasting) (Part I)

Economic forecasting â an attempt to foresee a probable course of economic development âoccupies an important place among the new phenomena of the postwar evolution of state-monopoly capitalism in the United States and other industrially developed capitalist countries. The broad diffusion of economic forecasting is dictated by the objective logic of the development of contemporary productive forces. It is connected first of all with the complexity of the economic mechanism of our times, and with the strengthening interdependence and interaction of various links of the rapidly expanding productive and economic apparatus.