Thus experts consider that
good economic forecasting is the key to anticipating changes in the bond and stock markets.
Not exact matches
While models that attempt to
forecast potential
economic impacts provide useful insights regarding potential risks when exploring policy choices, the Commission is of the view that it must also consider the potential upsides of greater choice, including the retention of subscribers in the system, as
well as the risks associated with maintaining the status quo in a context of increased demand for more choice.
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.
The paper finds that junk bonds are, in fact, a very
good indicator for
forecasting economic peaks if not troughs, effectively warning ahead of eight of the last ten peaks in the business cycle.
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.
The short - term prospects for the deficit also look
good; probably
better than you
forecast last October in your
Economic and Fiscal Update.
These include publishing: • Historical estimates and medium - term projections of the economy's potential GDP, as
well as the methodology and assumptions used; • Medium - term projections of the Government's structural, or cyclically - adjusted budget balance as
well as the methodology and assumptions used; • The assumptions, projections and methods to translate the private sector
economic forecasts into its fiscal
forecasts; and • The fiscal sustainability analyses of the provincial - territorial government sector that it prepared.
The Update incorporates the October average private sector
economic forecasts and an increased «adjustment for risk» for 2011 - 12 to 2013 - 14, as
well as an increase in employment insurance rates of only 5 cents (employee rate) for 2012, rather than the 10 cents set in legislation As a result, the balanced budget target is delayed from 2014 - 15 to 2016 - 17, prior to the inclusion of the Targeted Strategic and Operating Review Savings (now called «Deficit Reduction Action Plan Saving Target»).
Our long - term
forecasts are based on our assessment of current valuation measures,
economic growth and inflation prospects, as
well as historical risk premiums.
The outpouring of almost comically muddled explanations of and
forecasts for the Chinese growth miracle has been an especially egregious example of the way
well - intentioned
economic analysis has led to, or at least encouraged, worse outcomes.
Taking into account recent private sector
forecasts for
economic growth for 2015, would, in fact, eliminate the $ 1.4 billion budget surplus, as
well as the $ 1 billion Contingency Reserve.
A
better understanding of the budgetary revenue
forecast would be achieved if the Minister of Finance provided more details on the
economic forecast in his budgets and fiscal updates.
These
economic factors, as
well as the rapidly evolving retail landscape, make it difficult to
forecast accurately over a three - year period.
Published bi-weekly on Fridays, PNC's Market Expectation Survey lists the current consensus
forecast for key
economic data releases for the upcoming week, as
well as PNC's own
forecast for each item.
The Ernst and Young report found that the Department of Finance's
economic forecasts were as
good if not
better than those of the private sector economists.
British Columbia is in
good economic health, however the Board of Trade notes in this Budget an optimism in government's revenue
forecasts (e.g. natural gas royalty revenue up 57.9 % in 2018 - 19).
But more seriously, despite the difficulties in making accurate
forecasts, we still need to understand as
best we can why the economy is performing the way it is, what that implies about the
economic outlook, and, how policymakers can respond to generate
better outcomes.
But the main ingredient in our
forecast is the federal infrastructure program, which is
well under way but not yet evident in the
economic indicators we are tracking.
To get some insight into the matter, we turned to one of the most
well - informed mortgage rate
forecasts available anywhere, the «U.S.
Economic and Housing Market Outlook» provided by Freddie Mac.
Officials repeatedly downgraded
forecasts for
economic growth last year to 1.4 %, a far cry from the average annual pace of about 7 % during the early 2000s and
well below the medium - term target of 5 % set by President Vladimir Putin.
So, from an
economic standpoint, this recent
forecast for the Santa Ana real estate market is actually a
good thing.
Guy Smith: That's a
good lesson for people who are trying to launch their companies in Silicon Valley is that you're going to start losing customers from day one and fold that into your
economic forecast.
As usual, I don't place too much emphasis on this sort of
forecast, but to the extent that I make any comments at all about the outlook for 2006, the bottom line is this: 1) we can't rule out modest potential for stock appreciation, which would require the maintenance or expansion of already high price / peak earnings multiples; 2) we also should recognize an uncomfortably large potential for market losses, particularly given that the current bull market has now outlived the median and average bull, yet at higher valuations than most bulls have achieved, a flat yield curve with rising interest rate pressures, an extended period of internal divergence as measured by breadth and other market action, and complacency at
best and excessive bullishness at worst, as measured by various sentiment indicators; 3) there is a moderate but still not compelling risk of an oncoming recession, which would become more of a factor if we observe a substantial widening of credit spreads and weakness in the ISM Purchasing Managers Index in the months ahead, and; 4) there remains substantial potential for U.S. dollar weakness coupled with «unexpectedly» persistent inflation pressures, particularly if we do observe
economic weakness.
The Prime Minister should refrain from making
economic forecasts because, as he should know from past experience in 2008, there is a very
good chance they will come back to haunt him.
This provides the reviewer with an assessment of the variability among the private sector
forecasts; thereby providing a
better basis to assess the
economic forecast underlying the budget.
The
better - than - expected outcome for 2016 - 17, along with the much stronger than expected
economic growth for 2017, suggests that the deficit outcome for 2017 - 18 could be much lower than currently
forecast at $ 28.5 billion.
Instead, the government at that time decided to use the average of private sector
economic forecasts rather than those produced by the Department of Finance even though E&Y had concluded that the Department's
economic forecasts were consistently
better than those in the private sector.
Although there might be some improvement in these
forecasts given the somewhat
better economic outlook presented in the budget, the impact would not be large enough to result in surpluses in their
forecasts.
With the deterioration in the
economic outlook since the April 2016 with deficits now projected over the
forecast period, the deficit will be
well above the $ 10 billion of promised policy initiatives in 2016 - 17.
In his November Update, the Finance Minister did not adjust the private sector
forecast for any prudence, arguing, as
well, that the risks to the
economic forecast were balanced.
Kiplinger's
best - known publications are The Kiplinger Letter, a weekly business and
economic forecasting periodical for people in management, the monthly Kiplinger's Personal Finance magazine, and www.kiplinger.com.
This could be based on different reasons like a stock's current earnings per share or
forecasted future earnings as
well as other
economic factors.
If the report's
forecast proves accurate, it would represent Germany's
best economic performance since 2011.
They will also assess how recent
forecasts fit into our expectations for
economic trends and policy changes and provide snapshots of the latest data as
well as upcoming market events.
NYSUT's leadership pointed to a positive
economic situation for the state, as
well as an increased revenue
forecast.
Yet every serious international body, including the IMF, the OECD, the Institute for Fiscal Studies, the National Institute of
Economic and Social Research — as
well as Nobel prize - winners —
forecast we will be poorer outside the EU.
«Fiscal and
economic forecasting is complex, but the government's record is
good, with
forecasts generally in line with consensus on both
economic growth and the public finances,» a Treasury spokesman said.
Cheng's
forecast: «I think the next decade, depending on everyone's
economic development, may
well see a heating up of the Asian space competition.»
Although the distribution of
economic outcomes may
well be wider than was the case historically, anyone trying to invest on the back of an
economic forecast is, to use Montier's indelicate word, «insane.»
In his book The Fortune Sellers, researcher William Sherden examined 25 years of market calls and
economic forecasts and concluded that, as a group, they were no
better than guesses, and no forecaster demonstrated consistent accuracy.
To get some insight into the matter, we turned to one of the most
well - informed mortgage rate
forecasts available anywhere, the «U.S.
Economic and Housing Market Outlook» provided by Freddie Mac.
The investment world has
well - known outliers, frequently based on strategies that do not involve
economic forecasts.
The risks that
economic developments could turn out
better or worse than
forecast are broadly balanced
That means that markets and
economic activity have demonstrated that — over time — certain
economic cycles can do a fairly
good job at
forecasting both bullish and bearish market and sector trends.
Ever since,
economic forecasts as
well as
economic realities have been diminishing.
In most (but obviously not all) instances, I think trying to
forecast the future is much like
forecasting economic growth — a difficult, frustrating & often pointless exercise for investors — far
better to focus on the
best companies & management teams.
Better forecast consumer credit risk, benchmark portfolio results and inform capital planning under varied
economic scenarios based on the FICO ® Score.
We can define periods of
economic and market agreement and periods of discord by using timely variables, such as the New Orders series from the monthly Institute for Supply Management (ISM) Report, to
forecast the probability, at any time, of agreement between the economy and the market.5 Typically macro-based measures suffer from a significant lag in reporting as
well as frequent revisions, making them inferior to the immediacy of observing market data, month by month, day by day, even tick by tick.
This is for no
better reason than people making market timing
forecasts about where that currency may be headed short - term, based on random daily news and
economic statistics.
With $ Trillion deficits
forecast through the next decade that may not bode
well for «
economic realities».