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English definition of “economic forecast”

economic forecast

noun [C]
 
 
ECONOMICS
a statement of what is judged likely to happen in the future of a particular economy: The Chancellor has stuck to optimistic economic forecasts. Revenue estimates in the proposed budget were developed using a national economic forecast with a projected real gross domestic product growth annual rate below 2%.
(Definition of economic forecast from the Cambridge Business English Dictionary © Cambridge University Press)
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