GDP forecasts are predictions about the future economic performance of a country, specifically its Gross Domestic Product. These forecasts are typically made by economists and financial institutions, using various data and models to estimate how much a country's economy will grow or shrink over a specific period. These predictions help governments, businesses, and investors make informed decisions. For example, if a GDP forecast indicates strong growth, it may encourage investment and spending, while a forecast of decline might lead to caution and cost-cutting measures. Accurate forecasts can play a crucial role in economic planning and policy-making.