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The phrase "are projecting" is correct and usable in written English.
It can be used when discussing predictions, estimates, or forecasts about future events or trends.
Example: "Experts are projecting a significant increase in global temperatures over the next decade."
Alternatives: "are forecasting" or "are estimating".
Exact(56)
We are projecting 220.
"They still are projecting terror".
Still, officials are projecting a turnaround in 2001.
MSNBC and A.P. are projecting Mrs. Clinton wins Rhode Island.
"We are projecting that both will become available.
"We are projecting directly on to the paintings.
At the moment, however, the Knicks are projecting desperation.
Now they are projecting only two-thirds of that.
So federal forecasters are projecting below-normal rainfall through May.
Analysts are projecting 30% annual growth in future.
They are projecting who is going to vote and who isn't.
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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