Fairval

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Chart: GDP Forecast trend

Posted by fairval on September 9, 2013

Interesting chart from a Jefferies report:

Image

 This shows how expectations are coming down in step with the latest quarterly release – implying there isn’t much of forecasting going on. This is reacting, not forecasting.

That’s no reflection on quality of economists with broking firms or banks, though: it simply shows forecasting is almost an impossible thing to do.

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One Response to “Chart: GDP Forecast trend”

  1. Thanks for the auspicious writeup. It in reality was a enjoyment account it. Look advanced to far delivered agreeable from you! By the way, how could we be in contact?

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