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We woz wrong

Article Abstract:

Petroleum prices rose in 1999, and a forecast that they would drop further was proved wrong. US economic growth has been faster than expected, and many Asian economies are recovering, with both factors helping to boost demand for petroleum. Forecasts can also be self-defeating, since they alert actors to the dangers involved. Errors are less clear in cases such as the war in Kosovo. The war involved both risks and rewards, and Slobodan Milosevic is still president of Serbia.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999

Forecasting

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The future ain't what it used to be

Article Abstract:

Economists who provide forecasts for 'Economist' magazine were close in their forecasts for US gross domestic product for 1992, but they were overly optimistic in their predictions of the UK's economic situation. An analysis of forecasts for five other countries is given.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993

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Subjects list: Analysis, Economic forecasting

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