In its latest Global Economic Prospects report, the World Bank cut its 2013 economic growth forecast for China from 8.4 to 7.7 .

But the Belarusian economic model cannot survive, with the trade deficit forecast to exceed 7 billion (14 of GDP) this year.

The outlook for real economic growth in 2005 remains strong with a preliminary 2005 forecast of 5 per cent (excluding Iraq and Palestine).

Table 3 Income Expenditure Forecast 2005

The forecast figures refer to 2003 dollars.

Such successive downward forecast revisions have become commonplace.

But that is my hope, not my forecast.

It is difficult to make a credible forecast.

This is the main reason why economic activity in 2009 and 2010 was so much lower than had been forecast and why unemployment was so much higher.

(I serve on the CBO s Panel of Economic Advisers, which comments on the draft forecast twice a year, but does not assess budget proposals or anything else.)

Even the International Monetary Fund s forecast of a modest improvement in 2013 is predicated on the government s ability to breathe life into a spate of stalled economic reforms.

But the forecast proved to be far too optimistic.

Regulators proved unable to forecast and prevent the crisis.

The project delivery forecast for 2005 is 641.40 million.

Forecast based on reports up to and including August 2003.

Social and economic impact The Canadian sociologist Marshall McLuhan was the first to forecast the huge impact of the matrix of global networks upon society, coining the term global village.

Population change happens slowly, but its effects can be forecast early.

For independent observers, the ministry s grim forecast comes as no surprise.

However, meteograms can be constructed using observed data or forecast data.

Instead, after successive revisions, world GDP in 2012 is now expected to grow by only 3.3 while inflation is forecast to reach 4 , signaling much weaker global economic momentum than was anticipated.

Excuse me, do you know what is the weather forecast for tomorrow?

There are two possible reasons for the discrepancy between forecast and outcome.

But Iran has been forecast to develop the bomb for 20 years.

PARIS In early November, the Russian government released its latest macroeconomic forecast.

But that forecast assumes continued growth, whereas France is slipping into recession.

The number of unemployed people is forecast to be 65,000 in 2015.

The bullwhip effect is an observed phenomenon in forecast driven distribution channels.

The revised forecast now is 779 million as at 31 December 2005.

Annex III, table 5 also shows the forecast of these contributions separately.

But enlargement fatigue among the member states continues to muddy this optimistic forecast.

The Ifo Institute has forecast that GDP will contract by 2.2 in 2009.

Government reserves were forecast to stand at 35 million as at March 2005.

In 2006, it grew by only 2.2 , while growth rates of only 2.1 and 1.9 can be expected for 2007 and 2008, respectively, according to a recent forecast by the German Economic Research Institutes.

The palu also had an uncanny ability to forecast weather conditions days in advance.

Yet it is almost certainly the sort of forecast of which they should beware.

A typical reaction was to raise the forecast for 2011 from 2.5 to 3.5 .

This ratio also compares unfavourably with the financial plan forecast of 45 per cent.

A week after the ministry s forecast was released, the European Bank for Reconstruction and Development Russia s largest foreign direct investor followed suit, cutting its growth forecast for Russia to 1.3 in 2013 and 2.5 in 2014.

As Charles de Gaulle forecast, It is not any European statesman who will unite Europe.

What is hardest to forecast, though, are turning points when the old relationships break down.

Increasing resettlement needs have been identified in 2004 but are forecast to decrease in 2005.

Nowadays, the need to forecast emergency situations and for disaster preparedness is becoming increasingly evident.

There are two possible reasons for the discrepancy between forecast and outcome. Either the damage caused by the financial crisis was more serious than people realized, or the economic medicine prescribed was less efficacious than policymakers believed.

But a forecast is not fate. With a new economic strategy that nurtures more diversified sources of growth, while reducing the country s excessive reliance on exports and large enterprises, South Korea can reinvigorate and sustain strong growth.

The ministry s baseline forecast assumes that the price of oil Russia s main export will grow at 9 per year in real terms over the next 17 years, or more than three times the forecast for Russia s annual GDP growth.