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Even the most optimistic forecasts say that is years away.
But if this euro rally goes where the forecasts say, that will change.
Pessimistic forecasts say that the share of non-performing loans could reach 20%.
Forecasts say that Houston may get fifty inches of rain from this storm which is the city's average annual rainfall.
And weather forecasts say that temperatures will remain in the 90's at least until Sunday evening, when thunderstorms are expected.
As recently as two years ago, anyone predicting the current state of affairs (not only is unemployment disastrously high, but most forecasts say that it will stay very high for years) would have been dismissed as a crazy alarmist.
Similar(47)
Legal & General has also upped its profit forecasts, saying that cost cutting was paying off.
report, without making forecasts, said that productivity and confidence in the consumer and business sectors were the keys to the future of the United States economy.
Many analysts have complained about company forecasts, saying that since taking over as chief executive, Mr. Ward has been far too optimistic about the company's prospects.
Kohl's, which also missed forecasts, said that though the company had "improved performance" over Thanksgiving weekend, "a majority of our planned incremental marketing investment is in December," meaning lots of promotions.
But Laura Lee, the author of "Bad Predictions," a book that compiles "2000 years of the best minds making the worst forecasts," said that the site better reflected the present than the future.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com