projection

That softened Ford’s estimate of how hard tariffs would hit 2025 results—cutting its earlier projection by half to $1 billion.

But unlike Miami where it "arrived as a projection of leisure or spectacle", in Mumbai the "style resonated across various building typologies, including schools, cinemas, bungalows, petrol stations and banks," Mr Kumar said.

Yet the OBR says the purpose of its long-term projection is to highlight that the UK's public finances are currently on what it calls an "unsustainable" trajectory.

Darmet told Barron’s that with inflation above target and the economy stronger than the Fed’s projections suggested, policy is now more dovish than conditions call for.

It said if inflation and economic activity evolve broadly in line with its projections, the current policy rate is “at about the right level.”