Growth forecasts are predictions about how much an economy, industry, or company will expand over a specific period. These forecasts are based on various factors, including historical data, market trends, and economic indicators. Analysts use statistical models to estimate future growth rates, helping businesses and governments make informed decisions. Accurate growth forecasts can guide investments, resource allocation, and policy-making. For example, a government may use growth forecasts to plan budgets, while a company might rely on them to strategize expansion. Understanding these forecasts is essential for stakeholders to navigate potential opportunities and challenges in the market.