Sentences with phrase «forecasts of economists»

The industrial production numbers compared favourably to the forecasts of economists, who predicted a smaller expansion of 0.2 %.

Those numbers were both significantly lower than the forecasts of economists, who had predicted 1.7 % annual growth, and a monthly fall of just 0.8 %.

U.S. retail sales excluding autos and gasoline grew 0.2 percent in October, half the month - earlier gain, according to the median forecast of economists surveyed by Bloomberg.

Not exact matches

Desjardins senior economist Hendrix Vachon has forecast that the loonie will return to 98 cents by the end of the year.

«We do not see an imminent turning point in commodity prices and thus forecast further negative repercussions on the Canadian economy next year,» Sebastien Lavoie, assistant chief economist at Laurentian Bank Securities in Montreal, said in an analysis of the Bank of Canada's latest policy statement.

Inflation in the U.S. is forecast to end 2018 below the Fed's target of 2 percent, said UBS» chief U.S. economist Seth Carpenter.

Years ago, under Paul Martin, Finance stopped using its own forecasts, opting instead to base the budget on the average prediction of a group of outsiders, mostly the lead economists at the country's biggest banks.

Inflation in the U.S. is forecast to end 2018 at around 1.7 percent — below the Fed's target of 2 percent, said UBS» chief U.S. economist Seth Carpenter

Economists were saved from the embarrassment of being wrong again in their forecasts of the monthly change in non-farm payrolls this past Friday because the government shutdown prevented the release of the September employment report.

«Brexit is so uncertain... Trying to forecast exactly what it's going to do to growth, to sterling and therefore to inflation and therefore to the Bank of England's policy is very, very difficult,» Rob Wood, chief economist at Bank of America Merrill Lynch, told CNBC before the rate decision on Thursday.

The latest National Energy Board forecasts for increases in oil sands production through 2025 roughly add up to what Keystone and Trans Mountain could handle, says University of Calgary economist Trevor Tombe.

The majority of banks and economists have forecast a UK recession in the wake of Britain's shock decision to leave the European Union, as investment and trade suffer from the uncertainty around the country's future.

A Dec. 9 Reuters poll showed the likelihood of a hike on Wednesday was 90 % with economists forecasting the federal funds rate to be 1.0 - 1.25 % by end - 2016 and 2.25 % by end - 2017.

Economists at Macroeconomic Advisers boosted their forecast for fourth - quarter economic growth by three - tenths of a percentage point to an annualized rate of 2.4 percent, on the «unexpected strength» in consumer spending.

The Caixin / Markit Manufacturing Purchasing Managers» index (PMI) climbed to 51.1 in April from a four - month low of 51.0 in March, and topped economists» forecast for a modest slowdown to 50.9.

Economists polled by Reuters had forecast a gain of 90,000 jobs.

A significant portion of the TSC hearing focused on Haldane's now famous Fish comment, as well as broader issues with economic forecasting — something that has come to the fore in the UK since economists were almost unanimously wrong in their predictions about the immediate impact of Brexit on the British economy.

As of this week, it was 4.21 %, and by the end of 2018, it could go as high as 5.5 %, forecasts Matthew Pointon, a property economist for Capital Economics.

Vlieghe was addressing questions regarding recent comments from the Bank of England's chief economist Andy Haldane likening the failure of economists to predict the 2008 financial crisis to Michael Fish's weather forecast on the eve of the Great Storm of 1987.

That's the view of a panel of business economists, whose latest growth forecast calls for a 3.1 percent advance in U.S. gross domestic product in 2015 — up from a 2.2 percent expansion this year.

Sales grew by 2.9 % on a year - on - year basis, the ONS said, up from just 0.9 % in May, and ahead of the 2.7 % that had been forecast by economists polled prior to the release.

Prior to the release economists had forecast 0.4 % growth, representing a slowdown from the 0.7 % figure seen in the final quarter of 2016, a number that beat all expectations.

Those numbers compared to forecasts from economists of 1 % monthly growth, and 2 % y - o - y growth prior to the release.

The Fed's targeted overnight lending rate is forecast to remain in the current range of 0.25 % to 0.50 %, according to a Reuters poll of 151 economists.

Julia Coronado, a former Fed economist and founder of MacroPolicy Perspectives, says Powell's greater familiarity with banking and finance than monetary policy makes him more likely to follow the consensus, often driven by staff forecasts, on interest rate policy.

The Fed has forecast three rate hikes in 2018, but economists expect that will be revised up when the central bank publishes its projections at the end of the March 20 - 21 policy meeting.

Finance ministers routinely call on outside economists for input and forecasts as part of the budget - writing process.

Economist A's forecast of the number was plus 100,000, but the actual number turned out to be minus 100,000.

While China produced forecast - beating growth of 6.9 % in the first half, many economists and investors had expected momentum would start to fade later in the year.

The consensus forecast of Wall Street economists polled by MarketWatch is for headline consumer prices to rise 0.5 % in May.

Although the rise in interest rates is, in many ways, confirmation of a better economic environment, it has prompted many economists to revisit their forecasts.

For the 2014 Budget, the Ministry of Finance retained Don Drummond, one of Canada's top economists, to review the revenue forecast and provide an opinion on its reasonableness.

For example, see Stevens G (2011), «On the Use of Forecasts», Address to the Australian Business Economists Annual Dinner, Sydney, 24 November; Lowe P (2010), «Forecasting in an Uncertain World», Address to the Australian Business Economists Annual Forecasting Conference Dinner, Sydney, 8 December; Stevens G (2004), «Better Than A Coin Toss?

However, much more information should have been provided on the forecasts of the private sector economists, not just the «average» forecast.

The median forecast of 71 economists surveyed by Bloomberg called for the pace to accelerate to 523,000.

The Update Should Have Included More Information on the Views of the Private Sector Economists and Their Forecasts in Order to Develop a Credible Medium - Term Fiscal Track

Although PBO surveys private sector economists on a regular basis, the economic forecasts used for their updates, since June 2011, are based on PBO's assessment of future economic developments and not those of the private sector economists.

Private sector economists have now revised down their forecasts of real GDP growth for 2015 by about 0.6 - percentage point.

Sales climbed 2.2 percent to a 546,000 annualized pace, exceeding all forecasts in a Bloomberg survey of economists and the most since February 2008, Commerce Department data showed Tuesday in Washington.

In addition, PBO's forecast for nominal gross domestic product (GDP)-- the broadest measure of the federal tax base - is considerably lower than the average of the private sector economists» forecasts released by the Minister of Finance on October 29, 2012.

Private sector economists have now revised down their forecasts of real GDP growth for 2015 by about 0.6 - percentage points, while the IMF cut its from 2.2 % to just 1.5 %.

For a February or early March budget, private sector economists would not have time to incorporate the fourth quarter results of the previous year in their forecasts.

In evaluating the opinions that you hear to the contrary, keep in mind that the consensus of economists, as measured by the Blue Chip Economic Survey and others, has never forecast an oncoming recession, and usually remained rosy even several months after the actual recession was eventually determined to have started.

This seems very counterintuitive at first, even if the history behind it is quite abundant, and very few economists seem aware of the problem (which is why most economic forecasts mistakenly focus on the pace with which reforms are likely to be implemented, and are always disappointed), but in fact the reasons are not so hard to understand.

«They're very closely aligned with our forecasts,» said Brett House, the deputy chief economist at Scotiabank, where the prediction for Canada is one - tenth of a percentage point higher than what the IMF projects.

It has the most comprehensive econometric model to forecast economic developments, over both the short and long term, among any of the private sector economists surveyed.

They noted that the Department of Finance, with its staff of professional economists, had one of the best forecasting records.

It may be unfair to single him out, but I have become familiar with his work mainly because several of my investment and academic friends in Australia seem to delight in sending me his articles and making witty comments about how economists can take data that confounds their forecasts and use it to confirm their analysis.

As a result, the average of the private sector economists» forecast for nominal GDP has been adjusted downwards by $ 20 billion per year, identical to what was done in the November 2012 Update.

It did not recommend that the Department use the average of the private sector economists» forecasts.