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Joke's on BMW, Daimler
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Humor about how BMW and Mercedes completely missed the nature of this economic downturn in their forecasts, of continuing upbeat sales forecasts till about a month ago even though a lot of bad news has been coming in for some time. Is something like this happening in the Chinese economy, where things have been going strong for so long that forecasts have been toned down to 9% for GDP growth, even though car sales are flat for recent months and are expected to be flat or declining for 2009. If there is a decline in sales next year in auto sales is it possible that 9% GDP growth may be too optimistic for 2009. Would it somehwhere in the range of 6-9%?
Too optimistic forecasts for China sales of Mercedes and BMW in 2008
10/30/2008
Even when the bad news kept coming in BMW and Mercedes kept thinking their sales would hold up well. Is something like this happening for the Chinese economy, predicting 9% GDP growth even when auto sales are already flat or declining for October 2008.
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