Definition, Meaning & Synonyms

economic-outlook

noun

/ˌiːkəˈnɑːmɪk ˈaʊtlʊk/

Definition

A prediction or assessment regarding the expected performance of an economy over a specific period.

Examples

The economic outlook for the next year suggests a steady increase in job opportunities.
Analysts are concerned about the negative economic outlook due to rising inflation rates.
The government’s budget proposal aims to improve the overall economic outlook.

Meaning

The term ‘economic outlook’ refers to the forecast of economic conditions, including growth rates, employment levels, inflation, and other indicators that affect the health of an economy.