However, that surge is an upside risk, not part of the main economic forecast.
My economic forecast shows consumers spending more, but without a great deal of exuberance.
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"I think the whole economic forecast is that things are going to get considerably worse, " he said.
Immediately, critics cried that the deficit would be a lot larger but for an over-optimistic economic forecast.
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Look for the first installment in the next issue, Asiaweek's annual economic forecast.
Another strong indicator of what the president's 2007 economic report will include is the CEA's most recent economic forecast, from November.
The U.S. dollar index was firmer Thursday, supported by the ECB economic forecast and the better weekly U.S. jobless claims report.
The fourth positive factor for the economic forecast is low interest rates.
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Petitioner likewise failed to maintain a budget or to make any financial projections, economic forecast, or other analyses demonstrating financial management or planning.
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To help my business clients understand their strategic options, I create an economic forecast and outline the major risks, both downside and upside.
Under its new economic forecast, the Fed now believes gross domestic product for 2008 could range from flat to just 0.3% growth.
But, while not outlandish, this economic forecast looks fairly optimistic already, The Economist poll of forecasters shows a consensus prediction of 1.6% for 1999.
For this all to play out as the CBO threatens, first, the CBO has to be dead on with its economic forecast this time.
On Wednesday, the IMF will present its world economic forecast.
Singapore also raised its economic forecast for 2009, predicting the economy will shrink between 4% and 6% this year, less than its initial estimate for a 9% contraction.
For starters, the global economy seems to have become so unpredictable that the organisers ditched one of the forum's big opening events, the annual session making an economic forecast for the year ahead.
"When multiple cities bid, each has a different view of what the revenues will be, and the one with the brightest economic forecast usually wins, " says Evan Osborne, an economist at Wright State University.
The FT somewhat cheekily points out that the Office for Budget Responsibility did see fit to incorporate the impact of the bank payouts on household incomes, in its revised economic forecast at the time of the Budget.
How am I changing my economic forecast?
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The UK has escaped the worst of the world economic slowdown which is affecting the United States, Japan and much of the eurozone, but many economists warn that government tax revenues are falling fast, and the Chancellor will almost certainly have to revise his over-optimistic economic forecast.
Damping some of this optimism, Germany cut its 2012 economic growth forecast to 0.7% from 1%.
Also, HSBC downgraded its 2012 economic growth forecast for China from 8.4%, to 8.0%.
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On July 18, Goldman Sachs ( GS) substantially lowered its economic growth forecast.
Also overnight the German government cut its economic growth forecast for 2013, while slightly raising its projection for growth this year.
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His comments came as the Bank lowered its economic growth forecast and said inflation would stay higher for longer than previously forecast.
Prices rebounded from a morning sell off following news the European Central Bank cut its economic growth forecast for the European Union.
Germany's Council of Economic Advisers forecast this week that the economy would grow by only 1.4% in 2005, no better than in 2004.
The Economic Development Ministry cut the 2011 economic growth forecast to 4.1% from 4.2% recently because of a slow down in the Russian economy earlier this year.
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