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Our forecasters have also trimmed next year's growth forecast for both the United States and Britain, to 2.7% and 2.6% respectively.In this section Overview Output, demand and jobs Prices and wages Economic forecasts Money and interest rates The Economist commodity price index Stockmarkets Trade, exchange rates and budgets Exchange-rate forecasts Reprints.
Since our last poll in July our forecasters have become more optimistic, increasing their growth forecasts in 16 of the 25 economies.
Our forecasters are more worried about inflation in America: they have lifted their 2004 forecast from 1.9% to 2.3%.In this section Overview Output, demand and jobs Prices and wages Economic forecasts Money and interest rates The Economist commodity price index Stockmarkets Trade, exchange rates and budgets The Economist all-items index Reprints.
This month our forecasters have become more pessimistic about inflation, after the oil-price rise.
Our forecasters see little chance of America narrowing its giant current-account deficit.
Turkey is one of the exceptions where our forecasters have become more optimistic.
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Scotland and Northern Ireland could also see some more snow falling as well as rain, our forecaster said.
Similar conditions are expected on Saturday, though there could be some light rain in north-west Scotland, our forecaster said.
Hampton Waterworks in south-west London on 17 July saw the hottest day of the year so far, but our forecaster said that could well be beaten on Monday when temperatures could get as high as 34C.
Unlike many private forecasters, our forecasts are not designed to just be our single best estimate about the future.
Right now, if a large solar flare or coronal mass ejection from an eruption on the Sun's surface does come our way, forecasters will see it but there will not be much time to react.
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CEO of Professional Science Editing for Scientists @ prosciediting.com