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English definition of “forecast”

forecast

noun [C]
 
 
/ˈfɔːkɑːst/
a statement of what is judged likely to happen in the future, based on information you have now: give/make/provide a forecast on sth He refused to give a forecast on when 365 is likely to make money for shareholders.cut/downgrade/reduce a forecast The CBI also cut its growth forecast for the economy next year from 2.7% to 2.4%.meet a forecast The company hopes to meet its forecast of 4% growth this year.a budget/deficit/profit/revenue forecast As for housing and jobs, the budget forecast predicts little improvement any time soon. The Treasury's summer economic forecast warned of a rise in underlying inflation by the end of the year. a bleak/gloomy forecast → See also cash flow forecast, financial forecast, market forecast
(Definition of forecast noun from the Cambridge Business English Dictionary © Cambridge University Press)
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