Sentence examples for revisions in growth from inspiring English sources

"But throughout the industrial world the vast majority of the revisions in growth forecasts have been downwards for many years now".

Economists at the EY Item Club, the Ernst & Young-sponsored, independent economic forecasting group, said despite the likely upward revisions in growth forecasts, disappointing tax receipts meant there were few grounds for pre-election "giveaways" from the chancellor this week.

After three successive quarters of solid economic growth, and with consumer confidence picking up, the chancellor should be able to announce a healthy upward revision in growth forecasts, which will be published by the independent Office for Budget Responsibility alongside his speech.

It confirms that there is a major upward revision in growth this year and next year, but slightly lower growth further out: Growth: 2013: 1.4%, up from 0.6% in March 2014: 2.4%, up from 1.8% in March 2015: 2.2%, down from 2.3% in March 2016: 2.6%, down from 2.7% in March 2017: 2.7%, down from 2.8% in March 2018: 2.7% -- no forecast in March 11.29am GMT Osborne says borrowing is down.

Analysts said that while these moves had been positive, the downward revision in growth numbers was an indicator that the policymakers needed to do more.

The upward revisions in European growth reflect a genuine change in fortunes for the euro area's peripheral economies; the slashing of Russian and Thai GDP forecasts comes on the back of political crises.

One big drag on growth in the first quarter was a sharp downward revision in the growth rate of consumer spending, to 2.6percentt annualized from an earlier estimate of 3.4percentt.

About half the downward revision in global growth came from emerging economies, which are expected to grow by 3.5% compared with a growth rate of 1.7% in advanced economies.

"I suspect they'll be even higher with this revision in G.D.P. growth".

Mr. Hoffman of PNC Financial estimated that the change to inventories accounted for 80percentt of the upward revision in economic growth.

The facts, though, are less cheering: the British economy has rapidly lost steam, with a sharp downward revision in GDP growth, fears that consumers are deserting the high street, a shaky housing market and fragile manufacturing.