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Ed Conway (@EdConwaySky) In fact the biggest forecast upgrade of all by the OECD today was Greece.
The forecast upgrade followed the latest official jobs data showing the unemployment rate was 6.8% in the three months to March.
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It had its 2013 forecast upgraded to 1.6% from 1.2%.
India was the only economy to be judged by the organisation as likely to grow quicker, with its forecast upgraded to 5.7% from 4.9% after voting in a new government that said it would pursue growth-oriented reforms and progress in containing inflation.
In May 2013 the wonks reckoned that the British economy would grow by 1.5% in 2014: that forecast was upgraded to 1.8% in October and by another 0.6% today.
* Funds to be used for forecasts, radar upgrade.
Instead, BGI postulates that what drives share prices are changes in profit forecasts, ie, upgrades or downgrades, and, crucially, those made by certain analysts more than others.
Still, both those forecasts are upgrades from July, following a debt crisis that began in Greece and had threatened to widen throughout Europe.
But if next week's higher profile clutch of surveys for August... follow the pattern shown by the other recent indicators then this might encourage us to upgrade our forecast for third quarter GDP growth from the flat outturn that we currently anticipate".
The cities had been able to get their dikes to this level, but the river continued to rise past it, to the astonishment of the NWS (which did not upgrade its forecast until April 16, the day the river actually reached 49 feet).
It also upgraded its forecast for the global handset market, saying mobile device volumes could rise more than its previous estimate of 10percentt.
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