Sentences with phrase «updated economic forecasts»

The Reserve Bank of Australia (RBA) is about to release its quarterly statement on monetary policy (SoMP), including updated economic forecasts for...

On Wednesday, following two days of talks, the Fed will release updated economic forecasts, a «dot plot» of the projected path of rates, and a policy statement at 2 p.m., all capped off by a press conference by Yellen at 2:30 p.m..

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.

Table 1 compares the November 2012 Update economic forecast for nominal Gross Domestic Product (GDP)-- the applicable base for budgetary revenues - to the March 2012 Budget forecast.

The European Commission may take a similar view when it updates its economic forecasts on Thursday.

The Bank of Canada will update its economic forecasts in the quarterly Monetary Policy Report on Jan. 17, which will be accompanied by the latest interest rate decision and followed by a news conference in Ottawa with Poloz and senior deputy bank governor Carolyn Wilkins.

This would not preclude advice from the private sector forecasters, but the budget and fall update economic forecasts would no longer be based on private sector averages.

Not exact matches

They will also update their economic and interest rate projections for 2018 and beyond, the first such forecasts since the outlines of the tax overhaul became clear.

CNBC Rapid Update will offer new measures of how much an economic report changes the outlook on Wall Street for US growth forecasts.

The short - term prospects for the deficit also look good; probably better than you forecast last October in your Economic and Fiscal Update.

Table 1 compares the June 2011 Budget economic forecast for nominal Gross Domestic Product (GDP), adjusted for prudence, to the November 2011 Update forecast.

The Bank of Canada updates and explains its economic forecasts on a quarterly basis.

Although PBO does not include the details of their economic forecasts in their Updates, they are available upon request.

The economic forecast he uses for this Update should be based on the «realistic» assumption that the two critical assumptions will not be fulfilled.

This forecast was reduced by $ 1.3 billion to a deficit of $ 31.0 billion in the November 2011 Update of Economic and Fiscal Projections and by a further $ 6.1 billion to a deficit of $ 24.9 billion in the March 2012 Budget.

The November 2008 Economic and Fiscal Update forecast annual surpluses as far as the eye could see.

In a periodic update of its economic forecast, the Washington - based institution warned that the measures taken in Europe have not done enough to quiet markets and restore growth.

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.

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»).

Most forecasters update their forecasts on a quarterly basis, following the release of the Canadian economic accounts by Statistics Canada (first quarter results published in May, second quarterly results in August, third quarter results in November and fourth quarter and preliminary estimate for year as a whole in February of the following year).

The use of the four private sector forecasting organizations to prepare fiscal projections for the fall update was discontinued with the September 2009 Update of Economic and Fiscal Projecupdate was discontinued with the September 2009 Update of Economic and Fiscal ProjecUpdate of Economic and Fiscal Projections.

The Office of the Parliamentary Budget Officer (PBO) also uses the average of the private sector economic forecasts for their fiscal updates.

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.

However, the slower - than - expected economic growth in 2013 and the accompanying lower level of nominal income in 2013 - 14 results in a «status quo» (before budget actions) deficit of $ 18.7 billion Subsequently, the status quo budgetary balance is actually lower that forecast in the November 2012 November Update.

However, as noted above, their economic and fiscal forecasts are based on the November 2012 Update projections.

The fiscal picture has improved slightly since the fall economic update — this year's deficit is forecast to be $ 25.4 billion, down slightly from the $ 27.8 billion expected last fall.

Given the timing for the release of these alternative budgets, we would have expected their economic and fiscal forecasts would have been updated to reflect current economic developments.

The Government has continued the practice, first adopted by the Liberals in 1996, of using the average of the private sector economic forecasts for budget and fall update planning purposes.

However, given the uncertainties caused by the financial crisis, the Harper Government introduced the «risk adjustment factor» in its October 2010 Update of Economic and Fiscal Projections, whereby the average of the private sector economic forecasts for nominal GDP was adjusted downwards for fiscal planning pEconomic and Fiscal Projections, whereby the average of the private sector economic forecasts for nominal GDP was adjusted downwards for fiscal planning peconomic forecasts for nominal GDP was adjusted downwards for fiscal planning purposes.

On balance, we do not believe that the November 2012 Update fiscal forecast was credible and coupled with the slowdown in economic growth in 2013, the possibility of a balanced budget for 2015 - 16 is seriously at risk, unless additional significant restraint measures are implemented.

Details on the economic forecasts should be provided in the budgets and updates.

However, in your Update, you state «The Government will continue to evaluate economic developments and risks to determine whether or not it would be appropriate to maintain this forecast adjustment in the future.»

In his November 2012 Economic and Fiscal Update, Mr. Flaherty forecast that the deficit would not be eliminated until 2016 - 17, one year later than forecast in his March 2012 Budget.

In the 2012 Budget, the Minister of Finance revised down the deficit forecast for 2011 - 12, from $ 31.0 billion in the November 2011 Economic and Fiscal Update to $ 24.9 billion, of which $ 3 billion was due to the elimination of the «adjustment for risk to revenues».

The net impact of the slightly more positive economic forecast is to lower the deficit by $ 0.9 billion in 2010 - 11 from their November 2010 Update, primarily due to the impact of lower - than - forecast interest rates on public debt charges.

As shown in Table 1, they forecast lower deficits throughout the entire 2010 - 11 to 2014 - 15 period than those forecast in the Minister of Finance's October 2010 Update of Economic and Fiscal Projections.

The average of the private sector forecasts forms the basis for the economic assumptions used for fiscal planning purposes in the budget and fall update.

The Update incorporates the October 29, 2012 average of the private sector economic forecasts.

In his latest Economic and Fiscal Update, the PBO is forecasting deficits of about $ 4 billion a year to 2020 - 21.

As shown in Table 1, the economic forecast is changed very little from that used in the October 2010 Update.

In his February Economic and Fiscal Update, Finance Minister Bill Morneau forecast that total budgetary expenses would be $ 293.1 billion in 2015 - 16 and $ 304.5 billion in 2016 - 17.

Finally, on the heels of the World Bank revising global economic growth down to 2.9 percent this year, the IMF has cut its own forecast for 2016 to 3.4 percent in its latest quarterly update.

Today's IMF economic update further downgrades growth projections, including here in Canada where growth in 2012 is forecast to be just 1.7 %, down from the IMF's September forecast of 1.9 %.

CONTACT Ali Ahmad [email protected] (202) 557 - 2727 Purchase Originations Now Projected to Top $ 800 Billion in Both 2015 and 2016 WASHINGTON, D.C. (July 22, 2015)- The Mortgage Bankers Association (MBA) today released its updated mortgage finance and economic forecasts.

This means that the final budget outcome for 2008 - 09 would not have been fully incorporated into the fiscal forecast until the September 2009 Update of Economic and Fiscal Projections.

The Government should, once again, take full responsibility for the economic and fiscal forecasts presented in its budgets and economic and fiscal updates.

As a result, detailed analysis of the monthly results following about six months of data as published in the Fiscal Monitor, are used to update the fiscal projections during the year, rather than basing adjustments solely on changes to the economic forecast.

Probably the most remembered forecast error in recent years will be in the November 2008 Economic and Fiscal Update, where small surpluses were projected throughout the entire five - year forecast period, even though the economy had already entered a recession.

In addition, the March 2016 Budget forecasts were updated twice during the course of the 2016 - 17 fiscal year — in the November 2016 Economic Update and again in the March 2017 Budget.

Currently the fall Update and the Budget economic forecasts are based on the average growth, inflation, interest rates and unemployment rate forecasts of a select group of private sector economic forecasters.