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The phrase "had forecast" is grammatically correct and is commonly used in written English.
It is typically used in the past tense to indicate that something was predicted or anticipated before a specific event or time period. Example: The meteorologist had forecasted heavy rain for the weekend, but it turned out to be sunny and warm.
Exact(56)
Economists had forecast a decline.
Analysts had forecast an increase.
Analysts had forecast aprofit.
Economists had forecast 1.4%.
Analysts had forecast profit of 33 cents.
Analysts had forecast a level of 58.9.
Economists had forecast a reading of 54.
Economists had forecast a 1.9 percent rise.
Both were less than economists had forecast.
Economists had forecast growth of 3.5 percent.
Analysts had forecast a 1 percent rise.
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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