The difficult art of economic forecasting.: An article from: Finance & Development

This digital document is an article from Finance & Development, published by International Monetary Fund on December 1, 1996. The length of the article is 1648 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Uncertainty surrounds economic projections because of the difficulty of obtaining adequate data and of unexpected developments that can impact economic outcomes. Like other official forecasts, the World Economic Outlook's (WEO) forecasting record suffers from a variety of weaknesses. For instance, its year-ahead growth forecasts for industrial countries as a group have either been too high or too low by about one percentage point, on average. Its forecasts for developing countries are even more reliable since projections are often based on data that are not timely and of poor quality. The already difficult job of forecasting is further complicated by the emergence of new and sometimes unpredictable sources of error.

Citation Details
Title: The difficult art of economic forecasting.
Author: Paula R. De Masi
Publication:Finance & Development (Magazine/Journal)
Date: December 1, 1996
Publisher: International Monetary Fund
Volume: v33 Issue: n4 Page: p29(3)

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