Sentence examples for error of gdp from inspiring English sources

Gemma Tetlow, of the Institute for Fiscal Studies, said the £5bn would stimulate economic growth, though this would be within the margin of error of GDP forecasts.

* GDP/CPI error is the ratio of study statistical error of GDP forecasts divided by that of CPI forecasts; ** J.P. Morgan and Chase Manhattan, shown separately in the study but merged in 2000, were reranked as a single entity via an average of the individual results reported by the study.

And it is doubtful come 2026 or later that there'll be anything in the way of proof that our economy is 1.1% larger than it otherwise would have been – especially when we're talking of things that are the order of 0.1% in a year – essentially a rounding error in terms of GDP growth.

But the public finances are unpredictable for other reasons: even if the Treasury had forecast GDP perfectly, its average one-year error would have been 1% of GDP and its four-year error would have been 2.4%.There is another snag.

Ed Conway (@EdConwaySky) Robert Chote tells me it's "well within the margin of error" that GDP stays negative in Q1 2013 - in other words, the UK back into recession December 5, 2012 The latest 'central forecast', though, is for GDP to rise by 0.3% in Q1 2013 (and to be a new recession you need two quarters of falling output in a row).

National income accounts always have a "residual error," which is the difference of GDP estimates according to two of three possible conventions (Perman et al. [2003]).

With a margin for error of 0.2% in the overall GDP estimate, there is the possibility that once all the September data is available GDP will have grown by nearer 1% in Q3.

Even a year ahead, the average error (in either direction) in recent years has been 1.2% of GDP; four years ahead, it rises to 4.1% of GDP, or £42 billion (see chart).

Mr Brown is still planning on a deficit of 2% of GDP in 2007-08 leaving himself with little margin for error if things go wrong either economically or fiscally.

All that said, the IMF forecast is a million miles from being devastating for any party: the difference between a £7bn deficit and £7bn surplus in 2020 is just 0.6% of GDP or national income - which is a rounding error in the context of a deficit that was a humongous 10% of GDP just five years ago.

Indeed, it is almost a rounding error against a ten-year projected deficit of $10 trillion on current policies, or 5% of GDP.