Commodity Trade Mantra

Posts Tagged ‘GDP Growth Forecasts’

Fed Admits There Is Persistent Over-Optimism About The US Economy

Real GDP growth forecasts have typically started high, but are revised down over time as incoming data continue to disappoint. Possible explanations for this pattern include missed warning signals about buildup of imbalances in the economy before the crisis. Persistent bias applies to growth forecasts & also of inflation & unemployment.

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