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The decision shows that "they believe an already difficult outlook for the economy has deteriorated," said Howard Archer, chief economist for Britain and the euro zone at IHS Global Insight.
Knowing when to do the latter is often the more difficult outlook to take, but it's also often the far more accurate one.
"We enter 2012 with a very difficult outlook for the euro zone... with an increasing possibility of countries actually leaving the euro zone," Peter Sands, chief executive of the Asia-focused bank, told the Sunday Telegraph newspaper in an interview.
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Retailers said the difficult economic outlook had depressed consumer confidence and encouraged shoppers to stay away from the high street.
We think that with a difficult trading outlook for it's largely UK based business, Friends shareholders should welcome the dialogue".
Grumbly, however, is not discouraged by the difficult budget outlook.
Despite the difficult macroeconomic outlook, the VC model may be sound, as argued for the United States by Kaplan and Lerner (2010).
This combination of high- and low-tech enthusiasms makes his outlook difficult to categorize.
As the 12-member panel began its race against a November deadline to recommend substantial federal savings, Mr. Elmendorf said its task had become more difficult because the outlook for the economy had worsened in the last month.
But figuring out how much of that slowing of growth is because of the G.M. strikes and how much is from the economy continuing to slow could be difficult, leaving the outlook for the economy less clear.
However, given that Intel processors continue to be used in nearly 85% of the world's personal computers, we find the bearish Intel outlook difficult to ignore".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com