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But he added, "The risks for the forecast are higher than usual.
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The forecast was higher than the predictions of analysts surveyed by Thomson First Call.
The CBI's 2012 growth forecast is higher than the 0.7% predicted last autumn by the Office for Budget Responsibility, whose forecasts are used by the Treasury.
The forecast is higher than previous estimates, because scientists have discovered that Earth's land and oceans are becoming less able to absorb carbon dioxide.
Next month, the Finance Department will offer its own analysis of revenues for the year; the final trigger cuts will be based on whichever revenue forecast is higher.
The Treasury's new forecast is higher than the long-run rate of economic growth, which has been around 2.5% for half a century.
AirGate's third-quarter forecast was higher than those of other affiliates, like Alamosa Holdings Inc., said Mark Giese, a fund manager at the Nicholas Company in Milwaukee, owner of AirGate shares.
The 2002 earnings forecast is higher than analysts expected but less than the $3.21 a share that G.M. is expected to report for operating earnings in 2001, a figure that was further offset by about 40 cents of losses for Hughes.
"We have put a barrier in at Hull and improved the flood defences [to withstand a peak] to 6.3m, so even though the peak forecast is higher than it has ever been recorded before, it is still significantly below some of the defences that have been put in place".
The Lobato lawsuit estimates that the state is shortchanging education by $2 to $4 billion a year, and just the day before the announcement about the state's intentions to appeal, Hickenlooper also announced that the state's revenue forecast was higher than expected.
But we can say for sure that the GDP forecasts are higher than they were three months ago, when the Bank was forecasting growth for 2013 of 0.9%.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com