.@BEA_News US GDP Growth data Q12015 illustrate both difficulty of forecasting & the multiple revisions data undergo...#IMF April #WEO better than Oct... Economic forecasts shd provide “broad trends, not specific numbers” Mr Donovan @UBS. ht @Went1955 @FT https://t.co/rVXNVVQUQI
— Satyen Baindur (@Satyen_Baindur) April 9, 2018
.@LounganiPrakash “Recessions are not rare,” echoed Prakash Loungani, a macro-economist at the #IMF. “What is rare is a recession that is forecast in advance.” Despite an increased amount of economic data..., “the ability to predict downturns remains dismal”, he told @FT
— Satyen Baindur (@Satyen_Baindur) April 9, 2018
