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In the more immediate and short term aspects of their work, IFCs assess the performance of their own forecasts after the event, against outturns and against those of other forecasters as part of efforts to increase transparency and accountability.
Many economists raised their growth forecasts after the report was released.
Profit from its semiconductor business beat analysts' forecasts after sales surged.
But it lowered its sales and earnings forecasts after customer visits fell.
Nortel Networks and Dell Computer scaled back earnings forecasts after the market closed Thursday.
On Thursday, popular stores like Macy's, A postale and Gap raised their earnings forecasts after reporting their January sales.
Merck was hurt by disappointing revenue figures, while Chevron fell short of earnings forecasts after charges tied to foreign exchange.
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Huffy made the forecast after the close of trading Wednesday.
Tetra Tech made the forecast after the close of trading Tuesday.
The company issued its forecast after the markets had closed.
Forecast after forecast showed lethargic global economic growth for at least 2009.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com