Economic Forecasting

noun a belief or hope that something desired will happen, even though it is unlikely or impossible

• The belief that the economy will magically improve without any concrete plans is just wishful thinking.
• Thinking that he will ask you out without any indication is just wishful thinking.
• Hoping to win the lottery without buying a ticket is pure wishful thinking.
• Believing that she will suddenly change her mind is just wishful thinking.

adjective describing something that has a maturity date far in the future, typically referring to financial instruments or contracts

• Long-dated bonds are typically considered less risky due to their longer maturity period.
• I invested in some long-dated stocks because I heard they have better returns in the long run.
• I'm holding onto these long-dated options until they hit the jackpot.
• The long-dated memories of their childhood still lingered in their minds.

noun a noun is a word that represents a person, place, thing, or idea. In this case, 'Brexit' is a noun referring to the withdrawal of the United Kingdom from the European Union.

adjective an adjective is a word that describes or modifies a noun. 'Hard' is an adjective describing the type of Brexit being referred to.

• The government is currently discussing the implications of a hard Brexit on the economy.
• People are worried about what will happen if we have a hard Brexit.
• I heard that a hard Brexit could really mess things up for us.
• Navigating through a hard Brexit is like sailing through a stormy sea without a compass.