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And it forecasts that this will steadily grow to 10% of output over the next decade or so.
It forecasts that this will grow to $11 billion per year by 2015.
But survey organisation Consensus Economics forecasts that this will slow to just 0.7% GDP growth in 2013.
The Federal Ministry for Labour and Social Affairs forecasts that this will fall to a mere 46.2%% in 2025 [6].
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"But we're still forecasting that this will be the softest profits recovery" since World War II.
I forecast that this will be an era of big steps by big players.
The total Medicare Benefits Schedule (MBS) benefits paid out for AK in 2012 was $19.6 million and we forecast that this will increase to $24.7 million by 2020 (without inflation).
At the moment, there are around 1.1 billion smart phones across the world; by 2018 (the horizon for the Ericsson forecasts) that will treble to 3.3 billion.
Blame Fed economic forecasts that will probably be useless, along with chronic miscommunication between the markets and the Fed.
"Independent forecasts suggest that this will be over £10 an hour.
"Our forecasts show that this will reduce consumer prices by an average of 8%," said the group's co-chair Patrick Minford.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com