Forecast GDP definition

Forecast GDP means the average forecast for British Columbia’s real GDP growth made by the Economic Forecast Council and as reported in the annual February budget of the government;
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Forecast GDP means the average forecast for British Columbia’s real GDP growth made by the Economic Forecast Council and as reported in the annual February budget of the government; “Fiscal year” means the fiscal year of the government as defined in the Financial Administration Act [1996 S.B.C.] c. 138 as ‘the period from April 1st in one year to March 31st in the next year’; “Calendar year” is a twelve (12) month period starting January 1st and ending December 31st of the same year based upon the Gregorian calendar.
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Forecast GDP means the average forecast for British Columbia‟s real GDP growth made by the Economic Forecast Council and as reported in the annual February budget of the government;
Sample 1

Examples of Forecast GDP in a sentence

  • In determining the Revenue Growth for the Company or applicable profit centers during the Performance Period, the percentage of Revenue Growth will be adjusted by the difference (positive or negative) between the Forecast GDP Growth minus the Actual GDP Growth, but such adjustment will be made only if the difference is greater than ±1.0%.

  • Forecast GDP growth of 4%, with further contraction possible dueto tightening monetary policies to tackle significant inflation pressures.100% downside5,171Assumes a moderate but reasonable level of portfolio stress.100% severe downside6,041Assumes a more severe and prolonged downturn including elevated levelsof unemployment and GDP decline.

  • China GDP per capita (2010 to 2020E) Forecast GDP per capita (US$) Growth rate Source: The Economist Intelligence Unit, JLL Research PRC20102011 Source: The Economist Intelligence Unit, JLL Research Based on the statistics of the market report of JLL, PRC’s population has been steadily growing at an annual growth rate of around 0.5% in 2011.

  • In such circumstances an ESD percentage increase equal to half of the difference between Forecast GDP and Real GDP will be applied to the salarygrids.Salary B.1 When an ESD is applied, the future grids need to be re-calculated to account for the ESD increase (i.e. both ESD and GWI are cumulative throughout the term of the collective agreement).

  • Figure 8.1.1. Forecast GDP growthIn real terms, as at June 2011Source: Treasury and Resources Department 8.1.2. Operating balance as a percentage of GDPThroughout this report, reference is made to the overall deficit position, as this is the version of the deficit of most economic interest.

  • In determining the Revenue Growth for the Company or applicable Business Units during the Performance Period, the percentage of Revenue Growth will be adjusted by the difference (positive or negative) between the Forecast GDP Growth for the Company minus the Actual GDP Growth for the Company, but such adjustment will be made only if the difference is greater than ±1.0%.

  • Table 12017/182018/192019/202020/212021/22GDP Growth Forecast (GDP) %1.40%1.70%2.10%2.10%2.0% 4.3 The forecast for borrowing has also been adjusted, and by 2019/20 the Chancellor forecasts that public sector net borrowing will be £21.9bn, which is 1% of GDP, which is an improvement on the forecasts for 2017, whereby borrowing is expected to be £59bn being 2.9% of GDP.

  • The deterio- ration in the global economic situation, combi- ned with weak growth in some of Sweden’s im- portant export sectors, including the telecom- munication equipment industry, and a marked decline in household income growth contribute 5.04.54.03.53.02.52.01.51.00.50.0 00 01 02 03 04 05 06 2550GDP growth (left axis) Forecast GDP Potential GDP2500245024002350230022502200215021002050to an anticipated increase in gross national pro- duct (GDP) of 1.4 per cent this year.

  • Forecast GDP growth for the following three years was referred to as 2.4%, 2.2%, 2.4% and finally, 2.3% in 2018/19.

  • In summary an ESD occurs when Real GDP for the previous fiscal year is higher than the Forecast GDP for that fiscal year.

Related to Forecast GDP

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Model Year means the CI engine manufacturer’s annual production period, which includes January 1st of a calendar year, or if the manufacturer has no annual production period, the calendar year.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.