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Plunging Predictions

Saturday, November 19, 2016 6:17
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from Lakshman Achuthan, Co-Founder and Chief Operations Officer of ECRI

The IMF’s five-year-ahead forecasts of real GDP growth for most major economies have seen major declines in recent years. A case in point is the U.S., whose GDP growth forecast has been slashed to 1.6%, less than half the high of 3.4% from five years ago (Chart below, dark blue line).

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