Exact(3)
It led some economists to consider ratcheting back forecasts for economic growth and spurred traders to ramp up bets on further monetary stimulus from the Federal Reserve.
Britain's benchmark interest rate has been at a 38-year low of 4percentt since last November and economists have gradually scaled back forecasts of an increase in the fall.
Indeed, Fiat's new-car registrations were down 5.5% in Europe last year, and the Agnelli family, which still controls the business, has scaled back forecasts for 2009, projecting a loss 300 billion euros ($400 billion).
Similar(52)
The survey results backed forecasts before voting started on 7 April that the BJP – and its allies – should be able to reach a majority in parliament after trouncing the ruling Congress party.
The results met the scaled-back forecast the company issued on July 6, but were down sharply from $429 million, or 19 cents, in the period a year earlier.
Vans Has Second-Quarter Loss, Backs Forecast.
The company scaled back revenue forecasts for the remainder of the year, and withdrew its profit forecast.
It scaled back revenue forecasts for the remainder of its financial year, which ends next January, and withdrew its earlier profit forecast.
No wonder economists have been hacking back their forecasts for GDP growth.
Nortel Networks and Dell Computer scaled back earnings forecasts after the market closed Thursday.
So to see him quote Piers Corbyn – even other climate sceptics now seem reluctant to back his forecasts - is significant.
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