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What is economic growth forecast?

What is 'Economic Forecasting'. Economic forecasting typically tries to come up with a future gross domestic product (GDP) growth rate, involving the building of statistical models with inputs of several key variables, or indicators. Some of the primary economic indicators include inflation, interest rates, industrial production, consumer confidence,...

What is a future prediction?

The future simple is used to make predictions that are based on personal judgement, opinion or intuition, and not on present evidence. Whether or not the event will happen is not certain.

What is economic projections?

Projection The use of econometric models to forecast the future performance of a company, country, or other financial entity using historical and current information. The use of certain data to predict future market movements, economic trends, and other things.

What is the economic outlook for United States?

Updated October 28, 2018. The U.S. economic outlook is healthy according to the key economic indicators. The most critical indicator is the gross domestic product, which measures the nation's production output. The GDP growth rate is expected to remain between the 2 percent to 3 percent ideal range.

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