Sentences with phrase «projection horizon»

The budget notes «economists surveyed offered a wide range of views regarding future economic growth» and that «changes in economic growth assumptions can have large impacts on the budgetary balance and debt - to - GDP profile over an extended projection horizon».

(As an aside, that fiscal spend boost is probably not coming until Q2 2016 at the absolute earliest — though this is still within the BoC's 6 - 8 quarter projection horizon for getting inflation sustainably back on target / setting policy to close the output gap.)

Those differences are informative, because they highlight points where market valuations — instead of normalizing — reached historic extremes at the end of the 10 - year projection horizon (1974, 1998 - 2000 and 2015, respectively).

We have incorporated some of this strength in a higher profile for residential investment, although we still anticipate slowing over the projection horizon.

The Bank judges that the risks around the inflation profile remain roughly balanced over the projection horizon.

The global economy continues to gain traction and recent developments reinforce the Bank's view that growth will gradually strengthen and broaden over the projection horizon.

household debt ratios are expected to rise further before stabilizing by the end of the projection horizon -LRB-...)

The Canadian dollar has averaged 101 cents U.S. since the July Report, higher than the 98 cents U.S. assumed in July (Chart 18), and is assumed to average 101 cents U.S. over the projection horizon.

China's economy is expected to grow at a pace of about 7.7 per cent over the projection horizon.

Here we have incorporated some of this strength in a higher profile for residential investment throughout our projection horizon, but we still anticipate a slowing longer term in the projection horizon.

The complex economic adjustments to the decline in Canada's terms of trade will continue to play out over the projection horizon.

However, it is the weakness through 2015H1 that necessitates an offsetting positive revision for the output gap to close by the end of the projection horizon.

However, Governing Council felt that some form of fiscal stimulus was likely over our projection horizon.

So in the absence of any new shocks we would expect all inflation measures to converge sustainably on 2 per cent in the latter part of our projection horizon.

Underlying inflation will ease in the near term but then return gradually to 2 per cent over the projection horizon.

The Bank's policy action is intended to provide insurance against these risks, support the sectoral adjustment needed to strengthen investment and growth, and bring the Canadian economy back to full capacity and inflation to target within the projection horizon.

This would imply a steady narrowing of Canada's excess capacity over the projection horizon.

This assumption could be recalibrated in either direction, but doing the work now provides a framework for analyzing the situation as it evolves, while also giving us a better balance of risks over the projection horizon.

If there's a reduction, it'll be because of a too - wide output gap that needs more help to close over the projection horizon.

2) By extending the projection horizon by an extra market cycle (~ 6 years - the current half - cycle is quite long - in - the - tooth from a hisorical perspective) the effect of mean reversion has a greater chance to dominate the occasional noise that emerges (e.g. during the tech bubble) over shorter horizons.

Provided we're willing to tolerate some additional noise, due to points where mean reversion did not occur during the projection horizon, we can even examine the relationship between valuations and likely 6 - year total returns.

Core and total CPI inflation are expected to remain low in the near term before rising gradually to reach 2 per cent over the projection horizon as the economy returns to full capacity and inflation expectations remain well - anchored.

After moderating this quarter, the Bank reported the total CPI inflation, along with core inflation, to be around 2 percent over the balance of the projection horizon.

The fundamentals remain in place for a pickup in growth over the projection horizon, albeit in a climate of heightened uncertainty.