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Discover LudwigThe phrase 'is forecast' is correct and usable in written English.
You can use this phrase when you are referring to a statement or prediction about what something, such as the weather or a financial market, is expected to be in the future. For example: The latest weather report states that heavy rain is forecast for tomorrow.
Dictionary
Exact(60)
More snow is forecast.
Completion is forecast for 2015.
Tomorrow the opposite is forecast.
More hot, sticky weather is forecast.
Growth this year is forecast at 3.5%.
Heavy snow is forecast for Scotland.
"The economy is forecast to improve".
A strong holiday season is forecast.
Rain is forecast all weekend.
Rain is forecast through the weekend.
This trend is forecast to continue.
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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