In:Multilingual Corpus Research: Advances and challenges
Edited by Noelia Ramón and María Pérez Blanco
[Studies in Corpus Linguistics 126] 2026
► pp. 230–254
Chapter 9Foretellers or forecasters?
An analysis of the English and Italian verbs expressing prediction in economic discourse between 1900 and 1929
Published online: 20 February 2026
https://doi.org/10.1075/scl.126.09qui
https://doi.org/10.1075/scl.126.09qui
Abstract
Predictions are prototypical speech acts of the economic discourse. By their very nature, they express different levels of
certainty and degrees of subjectivity on the part of the forecaster. Their epistemic and inferential functions can be conveyed, among
other things, by modal and predictive lexical verbs. These represent the object of this investigation, which offers a contrastive
interlinguistic analysis of the distribution and use of modal and predictive lexical verbs in the English and Italian economic discourse
of the early 20th century, based on the data extracted from a subcorpus of the multilingual comparable corpus LexEcon. The analysis
highlighted how modal instances are connected to varying epistemic and inferential functions and suggested a terminologisation of
predicative verbs, which appears more domain- than language-dependent.
Article outline
- 1.Introduction: The controversial art and science of prediction
- 2.Previous research on the language of forecasting
- 2.1The language of forecasting in economic discourse
- 2.2Modal and lexical verbs in predictions: A focus on English and Italian
- 3.Research objectives, data and method
- 4.Analysis and discussion
- 4.1Modal verbs in English and Italian
- 4.2Lexical verbs in English and Italian
- 5.Conclusions
Notes References
References (26)
Biber, S., Johansson, G., Leech, S., Conrad, E., & Finegan, E. (2021). Grammar of Spoken and Written English. John Benjamins.
Bloor, T., & Pindi, M. (1990). Schematic structure in economics forecasts. In T. Dudley-Evans & W. Henderson (Eds.), The language of economics: The analysis of economics discourse (pp. 55–66). Modern English publications in association with The British Council.
Butler, C. S. (1990). Qualifications in science: Modal meanings in scientific texts. In W. Nash (Ed.), The writing scholar (pp. 137–170). Sage.
Clements, M., P., & Hendry, D. F. (2004). An overview of economic forecasting. In M. Clements P. & D. F. Hendry (Eds.), A companion to economic forecasting (pp. 1–18). Blackwell.
Donohue, J. P. (2006). How to support a one-handed economist: The role of modalisation in economic forecasting. English for Specific Purposes, 25(2), 200–216.
Ericsson, N. R. (2007). Predictable uncertainty in economic forecasting. In A companion to economic forecasting (pp. 19–44). Wiley.
Hawkins, J. (2005). Economic forecasting: History and procedures. Economic Round-Up: Journal of the Department of the Treasury, 1–10.
Hyland, K. (1998a). Boosting, hedging and the negotiation of academic knowledge. Text, 18(3), 349–382.
(1998b). Hedging in scientific research articles. John Benjamins.
Lejeune, P. (2018). The epistemic status of predictions in Central Bank Reports: A cross-linguistic study. International Journal of Business Communication, 55(3), 357–382.
Lenel, L., Köster, R., & Fritsche, U. (2020). Introduction. In U. Fritsche, R. Köster, & L. Lenel (Eds.), Futures past. Economic forecasting in the 20th and 21st century (pp. 11–30). Peter Lang.
Marinovic, I., & Ottaviani, M. (2013). Forecasters’ objectives and strategies. In Handbook of economic forecasting (Vol. 2, pp. 690–720). Elsevier.
McLaren, Y., & Gurǎu, C. (2005). Characterising the genre of the corporate press release. LSP & Professional Communication, 5(1), 10–30.
McLaren-Hankin, Y. (2008). ‘We expect to report on significant progress in our product pipeline in the coming year’: Hedging forward-looking
statements in corporate press releases. Discourse Studies, 10(5), 635–654.
Merlini Barbaresi, L. (1983). Gli atti del discorso economico: La previsione. Status illocutorio e modelli nel testo inglese. Edizioni Zara.
(1984). Will, may e l’espressione della supposizione e dell’inferenza. In T. Kemeny, L. Guerra, & A. Baldwin (Eds.), Letteratura e seduzione & discourse analysis. Atti del VI Convegno Nazionale dell’Associazione Italiana di Anglistica, Pavia
22–23–24 ottobre 1983 (pp. 123–129). Schena.
Palmieri, R., & Miecznikowski, J. (2016). Predictions in economic-financial news: Author’s stance and argumentative loci. Journal of Argumentation in Context, 5(1), 48–73.
Petropoulos, F., Apiletti, D., Assimakopoulos, V., Babai, M. Z., Barrow, D. K., Ben Taieb, S., Bergmeir, C., Bessa, R. J., Bijak, J., Boylan, J. E., Browell, J., Carnevale, C., Castle, J. L., Cirillo, P., Clements, M. P., Cordeiro, C., Cyrino Oliveira, F. L., De Baets, S., Dokumentov, A., … Ziel, F. (2022). Forecasting: Theory and practice. International Journal of Forecasting, 38(3), 705–871.
Prince, E. F., Frader, J., & Bask, C. (1982). On hedging in physician — physician discourse. In R. J. Di Pietro (Ed.), Linguistics and the professions: Proceedings of the Second Annual Delaware Symposium on Language Studies (pp. 83–97). Ablex.
Rescher, N. (1998). Predicting the future: An introduction to the theory of forecasting. State University of New York Press.
Rocci, A. (2017). Modality in argumentation: A semantic investigation of the role of modalities in the structure of arguments with an application
to Italian modal expressions. Springer.
