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Discover Ludwig"it's estimated" is correct and usable in written English.
You can use it to refer to an approximated figure that is based on some analysis or method. For example, "It's estimated that nearly 50 percent of Americans will contract Covid-19 by the end of 2020."
Exact(60)
Under the president's strategy, it's estimated that emissions will actually increase over the next decade.
Compensation cost the state, it's estimated, £17bn in today's money.
It's estimated that about 80 percent of Haiti's professionals live outside Haiti.
It's estimated that up to 10percentnt of a home's electric consumption is standby power.
It's estimated that bribes account for 25% of Afghanistan's GDP.
But it's estimated the final prosecution alone cost 10 per cent of its £30 million budget.
It's estimated there may have been 100,000 models.
It's estimated that 70 percent of Pinterest users are female.
It's estimated that it will reach £158m by 2012.
It's estimated that up to a thousand British Muslims have left this country to join Isis.
It's estimated that 56 women have been infected for every 44 men.
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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