But it really is defining the space we want to be playing in rather than a specific point forecast.
The company now sees Q3 gross margin of 62%, down a point from its previous forecast.
The one bright point was its earnings forecast, which it reaffirmed expectations in the range of 7 cents to 12 cents, in line with Wall Street's own 8 cents per share outlook.
Mr Koehler's comments follow the release of the IMF's World Economic Outlook, which predicted that global economic growth in 2001 would be a full-percentage point lower than originally forecast - at about 3.2%, and well below last year's 4.8% growth rate.
Most economists still expect inflation to fall in the coming months, but the starting-point is now higher than forecast.
In the case of the UK, such policy changes account for just under 5 percentage points of that 32.6 point overshoot in the debt forecast.
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They would also point out that if their forecast shows inflation dipping below target in two or three years, the Bank can hardly sit on its hands.
Confidence among non-manufacturers was unchanged in the final quarter of 2004, but it is forecast to drop one point in the March survey.
Only fools believe any precise forecast as to when that point will occur.
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Macroeconomic Advisers, for example, raised their fourth-quarter GDP tracking forecast by 0.3 percentage point to 2.3%.
Like Citi and others similar, I also point out that my forecasts are not a forecast of what will happen, but what can happen.
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Mr Ryan's roadmap takes as its starting point the CBO's long-term budget forecast.
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Technicians point to the low volatility of the VIX Index and forecast a sizable market correction around the corner.
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But Figure 2 of the Blanchard-Leigh paper also shows strong negative relationships between fiscal consolidation and growth forecast errors for 2011 and 2012 so this point does not appear correct.
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It forecast the 2008 national results within 0.7 of a point.
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Goldman Sachs now thinks the American economy will grow by only 2.75% (on an annual basis) in the second half of this year and the first half of next a forecast it has revised down by three-quarters of a percentage point.
We forecast market share remaining stable for both currently but note that a hypothetical 5 percentage point increase implies 2.5% upside in our share price estimate for Intel and 11% for AMD.
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We had expected one 25 basis point hike in the second quarter, but with this move coming so early in the quarter we now forecast one more 25bp hike in the quarter with another one in the third, for a total of 100 basis points of tightening this year.
The World Bank has forecast that there will be 170 million vehicles on the roads in China by 2020, by which point the country would have overtaken the U.S. in total car ownership.
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