"Economic forecasts" refer to predictions or estimates about the future state of the economy. They help us understand how the economy might perform in terms of growth, inflation, employment rates, and other factors. These forecasts are based on analyzing various economic indicators, trends, and data to provide insights to businesses, governments, and individuals, enabling them to make more informed decisions.
Full definition
The federal government continues to use the average private sector
economic forecast for budget purposes.
Since 1995, budget planning has been based on the average of the private
sector economic forecasts for a few selective major aggregate.
In addition, only a few forecasts provide projections of medium
term economic forecasts, resulting a break and potential bias between the short and medium - term projections.
The index also
uses economic forecasts for 2030, the approximate time when children born next year will reach adulthood.
So ironically, the attempt to expand lending and support the markets with easy monetary policy and
cheerful economic forecasts is the last thing that will produce long - term economic stability.
This framework acknowledges that
economic forecasting brings with it inherent uncertainty around the outlook for inflation, and financial developments bring uncertainties around the implications for financial stability.
Paying too much attention to all the negatives in the economy tends to make
economic forecast too pessimistic.
But he accepts that he must change the way he describes this policy because it sounds strange to talk of economic growth amid such
gloomy economic forecasts.
Looking back at long term
general economic forecasts and long forecasts for the demand for doctors, nurses and teachers shows that these sorts of forecasts are rarely right.
I believe that litigation support consultants and lawyers, especially leaders of medium and large law firms, can use a
simple economic forecasting tool to better plan staffing and business needs.
First, the each of the private sector organizations used their own forecasts of economic growth rather than the average of the private
sector economic forecasts.
Short -
term economic forecasting is difficult enough but uncertainty about economic prospects usually increases, not decreases, over the medium term.
The recent
bleak economic forecasts are clearly not depressing firms too much with expansion into new offices and locations a principal priority in the long - term for some 15 % of respondents.
Because the bad economy had overwhelmed their stock picks and led to large losses in their portfolios, they decided to
make economic forecasting a more important part of their process.
Analysts at TD Securities said they expected the statement and updated
economic forecasts from policymakers to take a hawkish tilt that emphasizes every meeting will be «live» for a possible hike.
Wednesday's announcement was not accompanied by a press conference with Fed chair Jay Powell nor were
updated economic forecasts from the Fed released.
The Bay Area and California are in for slower job growth this year and next, but the Bay Area, powered by its high - tech economic engine, will outpace the state in job creation, according to two
new economic forecasts released Wednesday.
However some degree of prudence is required to manage non-cyclical factors, especially errors in translating
economic forecasts into fiscal forecasts.
With a downward
global economic forecast looming on the horizon, many CFOs will be forced to make difficult financial decisions.
The powerful line - up of events continues with Global Business Travel Association's (GBTA) one day business travel forum where participants will hear about the latest
economic forecasts on business travel spend in the region, and learn new insights that will help travel professionals successfully plan for the future.
European stocks closed higher Monday as investors digested the European Commission's
latest economic forecast for the eurozone.
What they should be saying is that broad - based equity investors were wrong to cheer the Federal Reserve's economic downgrade and subsequent continuation of its money - printing, bond - buying program; in particular, lower
economic forecasts by the Fed will likely be accompanied by reduced revenue and lower earnings at the corporate level.
However, the four private sector forecasting organizations were asked to develop fiscal projections on a National Accounts basis, based on their
own economic forecasts.
In any case, the euro had a more mixed performance while trading roughly sideways after that before finally catching a bid come Thursday, apparently because of comments from ECB's Cœuré, the
positive economic forecasts from the European Commission, and the ECB's upbeat economic assessment.
Phrases with «economic forecasts»