Forecast
in sentence
463 examples of Forecast in a sentence
During a recession, such as in 2008-2012, governments are tempted to
forecast
that their economies and budgets will soon rebound.
In any given year, governments can
forecast
that their growth rates, tax revenues, and budget balances will improve in subsequent years, and then argue the following year that the shortfalls were unexpected.
Framing the budget rules in cyclical terms, while highly desirable in terms of its macroeconomic impact, does not help to solve the problem of
forecast
bias.
In a year when a
forecast
for the structural budget deficit turns out to have been over-optimistic, the government can still claim that its own calculations show the shortfall to have been cyclical rather than structural.
The clearest sign that the boom is ending is the IMF’s
forecast
of 1.5% growth for the US in 2008.
Trumpian UncertaintyNEW YORK – Every January, I try to craft a
forecast
for the coming year.
Still, as the world’s largest economy leads the way into uncharted political waters in 2017 and beyond, it would be foolhardy for a mere mortal to attempt a forecast, other than to state the obvious: the waters will almost certainly be choppy, and many – if not most – pundit ships will sink along the way.
In 2006, it grew by only 2.2%, while growth rates of only 2.1% and 1.9% can be expected for 2007 and 2008, respectively, according to a recent
forecast
by the German Economic Research Institutes.
Russia’s New StagnationPARIS – In early November, the Russian government released its latest macroeconomic
forecast.
For example, in May 2012, Putin promised to increase Russia’s labor productivity by 50% by 2018; the current
forecast
does not envision this outcome even by 2025.
For independent observers, the ministry’s grim
forecast
comes as no surprise.
The ministry’s
forecast
answers the perennial “who is to blame” question very clearly: the slowdown reflects Russia’s own “internal problems.”
The ministry’s baseline
forecast
assumes that the price of oil – Russia’s main export – will grow at 9% per year in real terms over the next 17 years, or more than three times the
forecast
for Russia’s annual GDP growth.
A week after the ministry’s
forecast
was released, the European Bank for Reconstruction and Development – Russia’s largest foreign direct investor – followed suit, cutting its growth
forecast
for Russia to 1.3% in 2013 and 2.5% in 2014.
Seen against this background, the November release of the ministry’s grim
forecast
for growth is both surprising and welcome.
Instead, Italy’s debt ratio has skyrocketed, with a
forecast
by the European Commission projecting it to reach 134% at the end of this year.
Given this, only a change in fundamentals – the US economy outperforms the consensus
forecast
and the Fed initiates monetary tightening earlier than anticipated, or other economies’ performance is even worse than expected – would cause the dollar to strengthen further.
As Charles de Gaulle forecast, “It is not any European statesman who will unite Europe.
In 2009, M2 money supply (a key indicator used to
forecast
inflation) increased by 27% year on year, and credit expanded by 34%.
Indeed, the president is no longer required to provide the usual five-year
forecast
of the country’s fiscal position.
Until now, a broad consensus
forecast
1-2% growth in Russia this year.
The Ifo Institute has
forecast
that GDP will contract by 2.2% in 2009.
This is
forecast
to rise to 3.5 billion bushels in the coming 2007-2008 marketing year, and more than 70 new ethanol plants are under construction, which will double the amount of maize consumed for ethanol production.
During a visit I made to Belarus in January, officials refused to
forecast
GDP growth in 2011, except to say that it would be lower.
The International Monetary Fund’s latest
forecast
predicts that the world’s advanced economies will contract 0.3% in 2009 – the first such shrinkage since the end of World War II.
These so-called “demographic dividends” are
forecast
to be particularly high for countries in Sub-Saharan Africa, where roughly a third of the population is between the ages of ten and 24.
The International Monetary Fund’s
forecast
of 4% growth in 2011 and subsequent years puts Russia well behind China and India, but far ahead of average growth rates in the rich G-7 countries.
Reinventing EconomicsNEW HAVEN – The widespread failure of economists to
forecast
the financial crisis that erupted in 2008 has much to do with faulty models.
In fact, the failure of economists’ models to
forecast
the current crisis will mark the beginning of their overhaul.
Even Brazil, which experienced negative growth in 2016, is likely to exceed the IMF’s
forecast
of 1.5% growth in 2018.
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