Exact(16)
And she did not cut her forecast for corporate earnings.
Ms. Wang also cut her forecast for next year to 7.8 percent, from 8.3 percent.
Also, Lauren Rich Fine, advertising analyst for Merrill Lynch, raised her forecast for world ad spending this year.
But Ms. Fine cut her forecast for world ad spending in 2003 to an increase of 3percentt from 2002 rather than her previous estimate of 4percentt.
She also lowered her forecast for American ad spending next year to an increase of 4percentt compared with 2002, from 4.2percentt.
A leading advertising industry analyst has modestly upgraded her forecast for ad spending in 2002 and modestly downgraded her medium-term outlook for an agency company.
Similar(44)
For 2004, her forecasts for growth in United States ad spending was trimmed to 5.4percentt from 5.7percentt and for growth worldwide to 4.7percentt from 4.9percentt.
For 2005, Ms. Fine trimmed her forecasts for growth in United States ad spending to 5.2percentt from 5.5percentt, excluding direct mail, and for growth worldwide to 4.9percentt from 5percentt.
Tao Wang, the China economist at UBS, did so on Friday, lowering her forecasts for the third quarter of this year to 7.3 percent and for the fourth quarter to 7 percent — both figures below the government's target for this year of 7.5 percent.
Indeed, in Paris on Wednesday, Laurence Boone, chief economist for the 36-nation Organization for Economic Cooperation and Development, gave a downbeat assessment of the global outlook before cutting her forecasts for the global economy and every advanced nation.
The BBC's Rico Hizon asked Catherine Yeung, from Fidelity Worldwide Investment, about her forecasts for the Chinese economy.
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