Sentence examples for forecast of a contraction from inspiring English sources
The recession will continue; some analysts warn that the official forecast of a contraction in GDP this year of 5.5% will prove to be an underestimate.
The forecast of a 0.6% contraction in GDP is down markedly from the 0.1% contraction forecast just six months ago.
That compares with a forecast of a 1.9 percent contraction by the International Monetary Fund in its World Economic Outlook Update, published Monday.
The European Union economy will shrink 3.2percentthis yearar, the International Monetary Fund said Thursday, cutting a January forecast of a 2percentt contraction.
The economy is shrinking the Bank of Japan forecasts a contraction of 0.9-1.2 0.9-1.2ear—and, though many hope that America's recovery will start to help Japan at the end of this year, few are optimistic about the future.The curse of price destructionMany companies—over 2,000 of Japan's 3,700 listed businesses—are not investing but paying down their debts.
The U.K. is said to be facing the worst recession, with a forecast of 1.3% contraction next year; previously the Fund had thought output would have been little changed from 2008.
The E.U. outlook was slightly less pessimistic than that of the International Monetary Fund, which last month forecast a contraction of 4.2percentthis yearandand 0.5percentt next year for the euro area.
A poll of analysts by Reuters resulted in forecasts ranging between a contraction of 0.2% and growth of 0.3%.
