An economic forecast is a prediction about the future state of an economy, often based on current data and trends. Economists analyze various indicators, such as GDP, unemployment rates, and inflation, to estimate how the economy will perform in the coming months or years. These forecasts help businesses, governments, and individuals make informed decisions. Economic forecasts can vary in accuracy due to unforeseen events, such as natural disasters or political changes. They are typically published by organizations like the International Monetary Fund or the Federal Reserve, providing valuable insights for planning and investment strategies.