Goldman, which incorrectly predicted Brazil would win last year's World Cup, said its forecast for a Conservative victory was partly based on a favourable economic backdrop in the months ahead of the election.
Citing a favourable economic backdrop, including the end of the global financial crises and lower interest rates, along with population growth and Sydney's "severe lack of entertainment precincts", Khan says now is an ideal time for a major new amusement park.
Of note, in the positive Morey et al. trial [ 55], although the ES for basic and advanced lower extremity scales in the intervention group were negligible (0.02 and −0.02, respectively), results were favourable against the backdrop of functional decline in the control group.
However, looking out on a 12-18 monthorizonon and assuming that the macro backdrop remains favourable, we expect the sector to continue to deliver good growth in net assets and see more attractive valuations post the recent sell-off as offering opportunity.
The financial regulatory backdrop was also favourable as clients sought advice on changes.
Whilst Britvic have reiterated guidance towards the upper end of the £131m earnings guidance, this is not unexpected considering the backdrop of very favourable weather but one has to put this update in context of a 5.1% decline in third quarter revenues last year.
The lack of marked improvement in CDP capacity between 2004 and 2010 against a backdrop of initiatives favourable to strengthening the preventive health system in Canada suggests that efforts may have fallen short.
"Our economic forecasts – relatively strong growth, with a significant improvement in household disposable income – provide a backdrop that is likely to be favourable for the incumbent parties [the Conservatives and Liberal Democrats]," Daly said.
Context does not operate as a passive backdrop to action but dynamically affects causation, as favourable or unfavourable conditions may determine whether or not a particular mechanism is triggered.
