Upside risks to our view could come from another infrastructure boom (not our base case).
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"Firm CPI numbers raise upside risks for the WPI inflation number, especially on food costs, " said Radhika Rao, an economist at DBS Bank.
Near-universal skepticism on the funding of any kind of large government stimulus means upside risks to growth expectations, not downside risks, if it does materialize in 2013.
Further upside risks have stemmed from high international crude prices, their impact on freely priced petroleum products, the increase in administered coal prices and pick-up in non-food manufactured product prices.
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Inflation has been high, but the Committee believes that the decline in energy and other commodity prices and the weaker prospects for economic activity have reduced the upside risks to inflation.
The stock market balances upside and downside risks.
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Despite the obvious occupational hazards we face while in the field, the upside greatly outweighs those risks.
One of the biggest risks to the upside is Iran, which could outweigh the bearish effects of concerns over weaker economic growth.
These risks to the upside for oil prices make it likely that market participants will feel more comfortable taking long positions, or bets that prices will rise, than the opposite, said Glen Ward, head of retail derivatives at London Capital Group.
While there are moments when the dollar has strengthened, causing investor to lose value on their foreign local currency bonds, the overall trend remains in their favor, with the biggest risks to the upside, Barclays has said in similar reports recently.
It is necessary to note that a successful tablet launch for Sprint is not devoid of risks that could moderate any upside.
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To help my business clients understand their strategic options, I create an economic forecast and outline the major risks, both downside and upside.
There is great upside potential, with equally mounting downside risks.
Finally, I accept that the risks in 2013 are to the upside.
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Although core inflation seems likely to moderate gradually over time, the risks to this forecast are to the upside.
As a result of the more limited upside we see from here and the increased downside risks, we are downgrading Facebook.
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"We think the peak-to-trough decline in annual real GDP will be in the order of 23%, similar to Greece, but we see risks more on the downside than the upside, " he says.
If the risks in the inflation forecast were equal on the upside and the downside, this would not matter.
"There are lots of key risks for next year: downside is macro, upside is geopolitics, " says Amrita Sen, oil market analyst at Barclays Capital.
He still thought that dealing with lesser credit risks--so-called subprime lending--offered more potential upside, provided he could do a better job of screening applicants and keeping losses low.
The committee split its assessment of risks to economic growth: these, it said, were evenly balanced between the upside and downside.
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