Gross domestic product in the 17-nation region will fall 0.3 percent this year, compared with a November prediction of 0.1 percent growth, the Brussels-based commission forecast today.
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Share prices have risen by 400% in just over two years, and average price-earnings ratios based on historic profits are around 50 (based on forecast 2008 profits they are a still-racy 30).
Earlier this month, the Osaka-based firm issued a lower-than-expected profit forecast.
The VIX An options-based measure of the forecast for volatility in the stock market, the VIX fell to a relatively low of 15 in April of 2010 and 2011, suggesting that investors may have become too complacent and risk being surprised by a negative event.
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The Dallas-based company focused its earnings forecast to between 50 cents and 54 cents per share, from its previous per-share range of 48 cents to 54 cents for the fourth quarter.
Our most recent forecast -- a cautiously optimistic one -- is based on the expectation that the key Crisis economies should bottom out in early to mid-1999 and begin to recover slowly thereafter.
The Kiel-based Institute of World Economics cut its forecast for this year to 1.3%, considerably lower than the German government's projection of 2%.
Unfortunately, consensus expectations were based on the 45-50 million Q4 production forecast that we and others had been seeing for some time.
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We forecast declines beyond 2012 as we expect that the entry of ARM-based players in PC microprocessor market will fuel price competition.
Our forecast was finalized back in mid-November, on November 17th, and so is based on data through the middle of November.
Time and again, traders work themselves into a frenzy, buying or selling based on whether the world's largest retailer hit its latest comparable-store sales forecast.
But the market did make a few accurate predictions about technology trends: it concluded that products based on ultrawideband technology would not be commercially available by July 2004, and correctly forecast the take-up rate for internet telephony.
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