Translation of "Korrektur nach unten" in English

This represents a slight downward revision from the Autumn 2002 forecast.

This is a subtle shift that is indicative of the correction lower.

Economic growth is declining and the Commission is already warning of a further readjustment downwards.

Even after the revision, the projected increase in pension expenditure remains the highest in the EU.

The user should have access to a redress procedure at least equivalent to that existing for domestic payments'.

Price advances since March should, however, be partly seen as corrections to excessive downward movements in the previous period.

This has led to a downward revision of the economic growth forecasts for 1999 but, given the overall results so far achieved, there can be no doubt that we are on target for economic and monetary union.

In other words, we would not like the pursuance of a noble, if unsolicited goal to serve, in the medium-to-long term, not to consolidate and expand those rights which the national constitutional charters and practices fully guarantee at present, but to undermine them.

Instead of revising the objectives downwards, we ought to have revised the intellectual as well as the financial means upwards.

Each downward revision implies postponement of the date on which the debt/GDP ratio will peak.

For example, the European Commission’s projection of the Netherlands’ potential growth for 2013 was 0.9% in spring 2012, when the government started preparing its budget. By that autumn, when a real-time assessment of fiscal performance was carried out, it had been revised sharply downward, by 0.2%.

But, in all likelihood, after years of steadily revising up its estimates of trend global growth, the International Monetary Fund will start revising them down.

There are several reasons why gold prices are rising, but they suggest a gradual rise with significant risks of a downward correction, rather than a rapid rise towards $2,000, as today’s gold bugs claim.

The JTPF considered it appropriate to reiterate that the penalty should be reduced commensurately with a downward revision.

The Norwegian authorities have assumed a 4 % capitalisation rate which result in a downward adjustment of the sales price by approximately 10-15 % in order to compare a permanent sale with the time limited concession power sale [27].

This slight downwards revision cannot affect the conclusions on the effect of the dumped imports set out in recitals 83 to 85 of the provisional Regulation, which are hereby definitively confirmed.

The adjustment of Catella’s estimate (downwards revision from FIM 128 million to FIM 113 million) was made because the Finnish Ministry of Transport and Communication considered that the price of concrete gravel would decrease when Tieliikelaitos would enter on the respective market as a seller, that value added in the extraction process was lower on the basis of the National Land Survey of Finland and that after-treatment costs would be higher based on new requirements concerning the after-treatment of land resource areas.

The recent downwards revision of growth forecasts compels the EU Member States rigorously to pursue policies to facilitate job creation and to increase labour force participation, in order to secure progress towards the Lisbon objectives and full employment.

The main contributor to this downward revision has been a strong downward pressure on total factor productivity growth, which can be to a large extent explained by declining growth rates of human and knowledge capital.

Average euro area GDP growth next year is expected to reach only 1.8 %, which represents a downward revision of 1.1 percentage points compared to the Commission Spring Forecasts.

The Committee recommends that, in addition to this possibility of a downward adjustment, there should also be the possibility of an upward adjustment which would likewise take account of the quality of the reinsurance programme, particularly the level of solvency of the reinsurers.

On the income side the letter of amendment provided for the following changes to the draft budget: a downward correction of 306.3 million ECU to the agricultural levies, an upward correction of 538 million ECU to sugar levies and customs duties, and the financing of the additional requirements to be covered by advances from the Member States up to a total of 2 331.4 million ECU.

Nevertheless, even taking into account this downward revision, a better balance is unlikely to be achieved, even in the medium term, between capacity and foreseeable demand.

Similar regulations have to be observed in most industrial states and it is rather to be expected that the permissible figures will in future be corrected in a downwards direction.