With the new forecast, that difference is expected to be cut in half.
A new economic forecast is produced and distributed by the Institute every quarter.
But new forecasts issued yesterday painted a different picture for the coming week.
The new forecast could mean further cuts in state services.
These numbers could improve later this month, when new economic forecasts are due, but the hard reality remains.
The new forecast would represent a 19 percent increase in profit from the previous year.
The new forecast assumes 2005 oil prices will average $57 a barrel.
The new forecast is barely a quarter of what the company expected last year.
The American help came with the new forecasts this month that interest rates here would not be rising.
In a new forecast, he projects that economic growth will average 3.5 percent or better for the next four quarters.
