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In effect, it is a political choice.A shift of three to nine percentage points in tax rates, as the authors' range of reasonable forecasts implies Japan must one day do, will be painful.
Similar(59)
"Our forecasts imply that unemployment will crest only at the end of 2010".
Our forecasts imply a full year EBITA margin decline of 10bps versus guidance of a broadly stable margin.
The IMF's new forecasts imply that China's surplus will average 3.2% over the seven years to 2017.
Recent revisions to budget forecasts imply that the U.S. government no longer needs additional revenues to control its deficits.
The second dove thought America's slowdown posed a bigger risk to Britain than the Bank's forecasts implied.
Fund buying was tied to forecasts implying that the nation's corn supply would shrink next year by more than previously estimated.
JP Morgan was cautious on Man, saying consensus forecasts implied what looked like an unlikely level of performance at the start of the year.
It had $166 million remaining under its current authorization as of mid-February and consensus forecasts imply $328 million of free cash flow through 2019 and 2020.
By the end of 2017, the OBR's forecasts imply that the level of GDP will be 2.0-2.5 2.0-2.5 per centhan the Bank expects.
The government's sums add up thanks only to over-optimistic growth forecasts, implying that the 3% deficit target may well be missed after all.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com