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Discover LudwigThe phrase 'It is estimated' is correct and usable in written English.
You can use this phrase when you are describing an estimate or prediction. For example, "It is estimated that the world's population will reach 8 billion people by 2030."
Exact(60)
It is estimated using maximum likelihood estimation technique.
It is estimated at around $30 million.
It is estimated at about $2 million.
It is estimated at up to $700.
It is estimated to fetch around $20m.
It is estimated to be worth more than $4m.
It is estimated they have created 30,000 jobs there.
It is estimated that £20m has been earmarked for payouts.
It is estimated to have about 100 members.
It is estimated at 7.5 million, not approaching 9 million.
It is estimated to be worth about $1.1m£570,00000).
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com