Laura Tyson, head of the President's Council of Economic Advisers, explaining why the Clinton administration reduced its 1993 growth projection from 3.1 percent to 2 percent:

We are now looking at a future from here, and the future we were looking in February now includes some of our past, and we can incorporate the past into our forecast. 1993, the first half, which is now the past and was the future when we issued our first forecast, is now over.

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