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The phrase "the report forecasts" is correct and can be used in written English.
It could be used to concisely introduce a sentence, for example: "The report forecasts increased economic growth in 2020."
Exact(41)
The report forecasts a $12.4 billion shortfall, or 15percentt, in this budget year and next.
Therefore within this decade, the report forecasts an "unavoidable" production decline from existing uranium mines.
The report forecasts the consequences of several of Trump's major economic policy proposals.
The report forecasts the first rate hike in autumn 2015 "when conditions for a broader recovery should be satisfied".
As the weight of emerging markets in global output increases, the report forecasts that investment will hit 25% of GDP by 2030.
The report forecasts a 20% increase in the number of part-time male workers by 2024, with a rise of only 7% for part-time female workers.
Similar(19)
The report forecast a vacancy rate of 13.3percentt by the end of this year.
In the European Union, the report forecast slightly slower growth, 3.0percentt in 2001 and 2.7percentt in 2002.
The report forecast a further rise in violence in Iraq over the next few months.
By 2080, the report forecast, 25-foot storm surges could inundate tunnels every four years.
The report forecast an E.U. budget deficit of 7.3percentt of gross domestic product in 2010, from 6percentthis yearar.
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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