So, to say that activity has "undershot" last year's expectations would itself be an understatement.

BBC: IMF expects less of the UK and a lot of the US and Europe

Specifically, they liked the look of Kohl's after the company undershot Wall Street expectations with a 14% decline in third-quarter profit.

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The final result undershot the preliminary figure of 49.6, released on May 23, which precipitated a sharp selloff across Asia back then.

WSJ: Tokyo Shares End Sharply Lower

The resulting central-band forecast, unlike the Bank's, is no more likely to be overshot than undershot, even if the risks are skewed.

ECONOMIST: A la mode | The

The record surplus reflects the fact that public spending undershot last year.

ECONOMIST: Public spending

On 13 April, two pilots operating a Lion Air Boeing 737 undershot a runway at Ngurah Rai Airport and crashed into the waters off Bali.

BBC: How human error can cause a plane crash

Specifically, they liked the look of Kohl's (nyse: KSS - news - people ) after the company undershot Wall Street expectations with a 14% decline in third-quarter profit.

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