After years of downward forecast revisions that strained the central bank's credibility, the Fed finally settled in 2016 on expectations that maybe the economy's growth rate would not exceed 2 %, having been permanently affected by the Great Recession, slowed by changing demographics, or a combination of the two. (businessinsider.com)
BCD Travel's Advito projected 2016 hotel rates in Japan to rise as much as 10 percent year over year, according to its March forecast revision. (businesstravelnews.com)
And while a small portion of this fall reflects discretionary policy decisions, such as cuts in corporation tax rates, the vast bulk — 95 % - are non-discretionary forecast revisions. (politics.co.uk)