Economics and International Affairs Blog
A blog by Vivekanand Jayakumar
Attention Economy
Tuesday, August 12, 2014
Overoptimistic Official Economic Forecasts – Will They Ever Learn?
Former IMF official critiques the often over-optimistic economic growth forecasts put forth by the IMF:
http://www.project-syndicate.org/print/ashoka-mody-on-why-the-imf-s-growth-forecasts-keep-getting-it-wrong
A similar case can also be made regarding the Fed’s forecasts over the past five years
http://blogs.wsj.com/economics/2014/06/20/the-feds-never-ending-downward-growth-revisions/
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