This is a major downward adjustment and corresponds to a further reduction for global economic growth to its lowest level since 2009. (3dpolicy.ca)
Also released today were periodic benchmark revisions with downward adjustments to sales and inventory data since 2007, led by a decline in for - sale - by - owners. (nar.realtor)
At first, this was done through downward adjustments to the economic forecasts. (3dpolicy.ca)