Business Insider (February 16)
“The US economy managed to shake off Wall Street’s gloomy forecasts and dodge a long-predicted slump last year — but the same can’t be said for two other members of the G7.” Both the UK and Japan entered technical recessions based on data released Thursday showing each nation’s GDP fell during both of the two last quarters in 2023.
Tags: 2023, Economy, Fell, Forecasts, G7, GDP, Japan, Predicted, Slump, Technical recessions, U.S., UK, Wall Street
New York Times (July 14)
President Biden is in the Middle East hoping production may be increased, “but the oil crunch may already be easing. A report yesterday from the International Energy Agency suggests that the worst of the supply crisis may be over.” The IEA slashed its demand forecasts “for this year and next, pointing to high prices that would reduce consumption and slow the global economy.”
Tags: Biden, Consumption, Demand, Easing, Forecasts, Global economy, High prices, IEA, Middle East, Oil crunch, Production, Supply crisis
Investment Week (May 9)
“BP’s latest plan to buy back $2.5bn of stock this quarter has pushed forecasts for FTSE 100 firm buybacks to be on track for a record high in 2022. FTSE 100 firms are now planning £37bn of share buybacks this year, compared to the prior record of £34.9bn in 2018.”
WARC (April 14)
Marketing spend is set to grow across all 15 major types of media. “Social media sees the largest net budget increase, at +53%, while print and AM/FM radio see the smallest net budget increase, but still at +13%.” Taken as a whole, “WARC Data forecasts global advertising spend to grow by 12.5% this year.”
Tags: Advertising, AM/FM, Budget, Data, Forecasts, Global, Increase, Marketing, Media, Print, Radio, Social media, Spend, WARC
Plain Dealer (September 28)
“The Cleveland Clinic is now seeing its highest volume of COVID-19 patients since last winter” and looks likely to worsen. “The Clinic’s forecasts predict the highest volumes of COVID-19 patients will come in the next several weeks, as this current pandemic wave peaks in northern Ohio.”
Tags: Cleveland Clinic, COVID-19, Forecasts, Highest, Ohio, Pandemic, Patients, Peaks, Volume, Wave, Winter, Worsen
LA Times (December 2)
“Los Angeles County recorded a dramatic one-day rise in coronavirus cases Tuesday, shattering the single-day record and confirming some of the most dire forecasts about infections spreading ferociously as the holiday season gets underway.”
Tags: Cases, Coronavirus, Dire, Dramatic, Forecasts, Infections, Los Angeles, Record, Shattering, Spreading
CBS News (October 27)
In Japan almost 1,000 “towns and villages face extinction because the country is simply running out of people. Japan’s population peaked several years ago, at 128 million in 2011. And if the dire forecasts come true, Japan will have as few as 59 million people by 2100.” This is not some distant phenomenon. “What’s happening in Japan is a preview of what many Western countries, including the United States, will soon face.”
Tags: Dire, Extinction, Forecasts, Japan, Population, Preview, Towns, Villages
The Times (January 11)
Driven by the cheap pound, UK factory growth hit a seven-year high. “Factories are growing at the fastest pace in almost seven years after a solid three months to November that beat all forecasts and put Britain on track to start 2018 on a firm footing.” Still, the manufacturing sector “accounts for only a tenth of output in Britain, with four fifths generated by services.”
Investment Week (December Issue)
“Quantitative forecasts are based on probability models that cannot help but assume the future will be correlated to the past, and qualitative scenarios are based on, well, a combination of experience and common sense. Either way, most methodologies it would seem leave little room for discussion of true outliers and surprises.”
Tags: Forecasts, Future, Outliers, Probability models, Qualitative scenarios, Quantitative, Surprises
Bloomberg (February 6)
“Just a few weeks ago, Wall Street analysts were busy boosting their economic forecasts on the expectation that President Trump would implement sweeping corporate-tax reform, a rollback of regulations, and new fiscal stimulus.” After seeing the first two weeks of the Trump Presidency, the analysts are having second thoughts. Their forecasts are now poised for “a rethink, if not an outright reversal.”
Tags: Analysts, Expectation, Forecasts, Regulations, Rethink, Reversal, Second thoughts, Stimulus, Tax reform, Trump, Wall Street
