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slashed its 2014 G.D.P. forecast, saying that growth would be restricted to two per cent, which means it would be basically flat.
Also, the Iraqi interior minister issued a bleak forecast, saying that unless enough people voted in the elections on Jan . 30 the country would tear itself apart.
The National Retail Federation, the industry's trade association, offered the most optimistic forecast, saying that sales will increase 18percentt over last year.
Still, the company stood by its full-year forecast, saying that new products and cost-cutting, as well as price increases and a shift to more profitable products, should help the back half.
The results fell short of Wall Street's expectations and the company cut its full-year sales forecast, saying that it expected the difficult market conditions to affect its profit into its next fiscal year.
WASHINGTON — Lockheed Martin on Tuesday said its second-quarter earnings rose 10 percent, and it raised its full-year profit forecast, saying that long-dreaded government budget cuts did not hurt its sales as much as expected.
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Legal & General has also upped its profit forecasts, saying that cost cutting was paying off.
Even the most optimistic forecasts say that is years away.
But if this euro rally goes where the forecasts say, that will change.
In addition, the forecast said that "contrary to popular thought, television viewing is not being cannibalized by growing Internet use".
The December forecast said that the European sovereign debt crisis and its effect on economic growth were the biggest threats to airline profitability.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com