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As recently as a year ago, the Congressional Budget Office was forecasting a deficit of about $170 billion for fiscal 1997, an estimate that is turning out to be $130 billion too big.
The European Commission is currently forecasting a deficit of 4.2%.
The London trust sector is forecasting a deficit of £107m at quarter one.
The ITEM Club, which uses the Treasury's economic model, is forecasting a deficit of £17 billion with little improvement in 2005-06.
Although the agency had hoped to break even in 2003, it is now forecasting a deficit of nearly $9 million, citing higher pension and health insurance bills.
Many economists had expected the trade gap to widen, and were forecasting a deficit of $62.2 billion, on average, in May.
Similar(48)
Analysts had forecast a deficit of £6.63bn.
Economists had forecast a deficit of $43.8 billion in October.
Economists had forecast a deficit of £8.1 billion.
The government previously forecast a deficit of 3.5percentt of G.D.P.
He also forecast a deficit of $3.7 billion in the next fiscal year.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com