The upbeat outlook sets the bar very high, versus the more conservative forecast from Carnival.
With a slowdown in global demand, and Malaysia being a major trading nation, it will be affected and we have a conservative forecast of 3.5%-4% economic growth for 2012.
Every year we try to do an honest, reasonable, conservative forecast to make sure that we are basing our budget assumptions on the best possible forecast that we can.
And as I think we described at the time, we had -- we tried to do an honest, conservative forecast to make sure that we were basing our budget numbers on sort of as close to the consensus and reasonable forecast as we can.
In 1992, it forecast a Conservative majority of 71.
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But with positive underlying trends gaining momentum, our forecast could prove conservative.
Morgan Stanley Dean Witter now reckons that the world economy will grow by some 4% this year and it thinks that, if anything, its forecast is likely to be too conservative.
This forecast always attempts to err on the conservative side.
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We forecast the market to grow at a conservative rate of 4-4.5% annually keeping in mind the harsher regulations that exist today compared to the 70s and 80s when the American car market was booming.
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However, given the progress that Apple is making in the consumer and enterprise PC market, our forecast estimate for Mac market share could prove conservative.
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The Conservative shadow foreign affairs minister Lord Howell of Guildford in 2006 described the forecast as "spectacularly wrong".
Hoffman expects the maker of technology for wireless phones to forecast sales of 96 million handsets--a figure he deems conservative.
The IMF's latest forecast, that China's economy will grow by 6.5% this year, may prove conservative.
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