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The trustees' bleak projections already assume that the economy will begin to recover late this year.
The Bleak Projections Phase.
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The bleak projection from KPMG was disclosed yesterday in a filing by the airline with the Securities and Exchange Commission.
Calling the outlook for India "unusually uncertain," the fund said weak growth in the first half of 2012 and a continued investment slowdown led to the bleak projection.
The bleakest projections suggest that a global pandemic could kill up to 360m people.
Those painful results fell short of analysts' already-bleak projections of revenue of $2.86 billion for the company, and raised questions regarding Oracle's $7.4 billion buyout of the company, a deal that's expected to close this summer.
Making matters worse, these bleak budget projections are based on relatively optimistic economic assumptions.
"Frankly, we think the results are going to be poor," says Keith Bachman, an analyst with BMO Capital Markets, who expects IBM to miss even those bleak revenue projections.
"The Blair Witch Project" notwithstanding, the projections are bleak for most newcomers.
Projections paint a bleak picture.
Headed by Sir Alan Budd, a former Treasury economic adviser, the OBR is widely expected to paint a bleaker picture than the fiscal projections in Labour's last budget, in March.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com