Your English writing platform
Discover LudwigExact(2)
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.
Similar(58)
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.
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.
Even on these upgraded forecasts revenue visibility remains unusually high, and we anticipate any material contract awards this year driving further earnings upgrades.
Singer Capital Markets said: "After smashing forecasts today and outlining a sustainable plan of recovery and growth over the next couple of years, forecasts are being upgraded materially again.
In upgraded forecasts, it estimates economic growth will be 2.8% this year - up from its earlier estimate of 2.7%.
In upgraded forecasts, it estimates economic growth will be 2.8% this year - but it also warns of an "unacceptably high" level of youth unemployment.
It last upgraded its forecast to 2.4m in May, and back in January it was forecasting new car sales of 2.29m, up 1.2% on 2013.
Earlier this week, the business lobby group CBI, upgraded its forecast for UK growth in 2013 to 1.2%, double the chancellor's forecast at the budget.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com