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How Reliable Are GDP Consensus Forecasts?

Saturday, February 25, 2017 5:00
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(Before It's News)

from Lakshman Achuthan, Co-Founder and Chief Operations Officer of ECRI

With President Trump in office, economists have been revising their GDP growth forecasts for 2017. This is a good time to review why consensus forecasts are unable to anticipate changes in the cyclical direction of growth, let alone recessions.

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Source: http://econintersect.com/pages/contributors/contributor.php?post=201702250554

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