Your English writing platform
Discover LudwigSuggestions(3)
Exact(12)
But the OBR says the deterioration in the GDP forecasts has been caused by the situation in the eurozone.
A further factor bedevilling UK forecasts has been uncovered by scientists based at the National Oceanographic Centre in Southampton.
Citigroup's economic surprise index (which shows whether data have been better or worse than forecasts) has been relentlessly negative since the start of the year.Does this mean that America is heading towards recession?
In 2015, a paper in Nature titled "The Quiet Revolution of Numerical Weather Prediction" noted that, in the past forty years, the accuracy of three- to ten-day forecasts has been increasing by about one day per decade.
The retailer, which has said five times since July that profit would miss analysts' forecasts, has been cutting jobs and revamping stores to exit the appliance business and increase sales of electronics.
And the margin of error on the forecasts has been about plus or minus 4.7 percentage points of G.D.P. What that means is, if the economy is forecast to grow by 2 percent, it could plausibly grow at almost a 7 percent rate, or shrink by 3 percent, instead.
Similar(48)
Economic growth forecasts have been slightly lowered.
The troika's forecasts have been wrong".
Most industry forecasts have been far more conservative.
But such forecasts have been wrong in the past.
But such forecasts have been overtaken by events.
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