Sentence examples for forecasts a contraction of from inspiring English sources
forecasts a contraction of 2.8percentthis yearandand flat growth in 2010.
Meanwhile in Hungary, the International Monetary Fund forecasts a contraction of 6.7percentt, with some economists estimating even worse.
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 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.
The IMF forecasts a Greek contraction of 3% this year, turning to expansion, at long last, of about 1% in 2012.
In July, the IMF forecast a further contraction of 4.2percentt in 2009 and growth of 0.2percentt in 2010.
It forecast a mild contraction of 0.3 percent in the 17 countries that use the euro.
Mr. Rajoy's government is now forecasting an economic contraction of 1.7 percent this year, almost double the commission's forecast for Spain of a 1 percent decline.
A poll of analysts by Reuters resulted in forecasts ranging between a contraction of 0.2% and growth of 0.3%.
