Forecast
in sentence
463 examples of Forecast in a sentence
The latest IMF
forecast
for global growth has been revised downward yet again – suggesting the world will grow at an annual rate of just over 3% this year and again in 2017.
Partly as a result of income growth, the US budget deficit last year was lower than forecast, at about 2.8% of GDP.
And yet, the
forecast
is far from rosy.
One legacy of Western Europe’s experience in the 1980’s is a rule of thumb: each year that lower labor-force attachment and reduced capital stock as a result of declining investment depresses production $100 billion below normal implies that productive potential at full employment in future years will be $10 billion below what would otherwise have been
forecast.
While the baseline
forecast
seems to be slow global growth – in the US around 3%, about half the usual pace following deep recessions – history suggests that another decline would hardly be surprising before sustained stronger growth emerges.
And aggregation hides a multitude of problems: Greece and Italy, for example, will not regain their pre-crisis level of real GDP per capita within the World Economic Outlook’s
forecast
period, which stretches to 2022.
There certainly is scope for disappointment in advanced economies, considering that gross general government debt is hovering around 106% of nominal GDP and fiscal deficits are stretching beyond the
forecast
horizon.
The failure of all but a few professional economists to
forecast
the episode – the aftereffects of which still linger – has led many to question whether the economics profession contributes anything significant to society.
Indeed, economists failed to
forecast
most of the major crises in the last century, including the severe 1920-21 slump, the 1980-82 back-to-back recessions, and the worst of them all, the Great Depression after the 1929 stock-market crash.
They ruminated over the most recent economic forecast, which projects annual GDP growth in the euro zone this year at a pathetically anemic 0.7%.
The
forecast
is the same throughout Western Europe, as well as for Canada, the United States, and Japan.
And, indeed, the European Commission’s most recent economic
forecast
shows that spending in the core countries has not increased as a result of the ECB’s policies;Germany’s external surplus is actually increasing.
Only Japan was
forecast
to have a higher debt ratio by 2040 in the absence of reform.
It rose under Osborne, too, but at a far slower pace, and is
forecast
to peak at 83% this year, after which it will decline.
Japan’s National Institute of Population and Social Security Research recently
forecast
that by 2060, the country will have lost nearly one-third of its 2010 population of 128 million, and just half of this smaller population will be between 15 and 65 years old – the most productive age group in any economy.
Putin’s New PrudenceWASHINGTON, DC – This year, the Russian economy is the G-20’s worst performer, contracting by 3.8%, according to the International Monetary Fund’s latest
forecast.
And we are
forecast
to surpass 450 ppm by 2038.
October 16 marked one year since Daphne Caruana Galizia, a Maltese journalist investigating corruption, was killed by a car bomb just minutes after filing a story that seemed to
forecast
her death.
The euro’s survival in 2012 – if only by the skin of its teeth – confounded skeptics who
forecast
Greece’s exit from the eurozone and the single currency’s collapse by the end of the summer.
But that doesn’t mean that the sight of gathering clouds in the sky is not also a legitimate sign that one might need an umbrella – even if the weather
forecast
promises sunshine.
Indeed, there is no greater threat to humanity’s well-being than the ongoing water crisis, which is worsening as pollution and climate change, combined with accelerating growth in human population –
forecast
by the United Nations to reach 9.3 billion by 2050 – fuel a widening gap between supply and demand.
He got his
forecast
wrong.
Professional forecasters are considerably more sanguine, with the consensus
forecast
for US growth in 2009 at around -1.5%, after a similar contraction in the second half of 2008.
At its meeting in December, the Federal Open Market Committee’s median
forecast
for the federal funds rate at the end of 2019 was still a very low 2.9%.
Any
forecast
for the coming year depends, more than usual, on politics – on the outcome of the US gridlock, and on European leaders’ ability to respond to the euro crisis.
Indeed, if the IMF’s latest
forecast
proves correct, global GDP at the end of 2012 will still be about 2.2 percentage points below the level that would have been reached had the world remained on its longer-term 3.7% annual-growth path.
Production and sales were consistent with the consensus
forecast
of real GDP growth at an annual rate of 4% or more.
Every IMF
forecast
therefore failed.
The country’s GDP contracted by 6.8% last year, and is
forecast
to shrink by another 9% this year – a total loss of roughly 16% over two years.
Barring a disorderly breakup of the eurozone, which seems unlikely, the International Monetary Fund’s baseline
forecast
of 4% annual growth in world trade for 2012 seems reasonable.
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