Are economic forecasts any good?

An economist’s confident predictions about what to expect in the markets may be sound assuring, but they’re not particularly accurate, reports Benefits Canada.

By Staff | January 21, 2015 | Last updated on January 21, 2015

1 min read

An economist’s confident predictions about what to expect in the markets may be sound assuring, but they’re not particularly accurate, reports Benefits Canada.

Read: World Bank cuts 2015 forecast for global growth

Craig Bodenstab, investment counsellor at Orbis Investment Management, compared forecast U.S. inflation rates, bond and equity performance to the actual numbers.

“The industry hasn’t predicted one single downturn in the previous 50 years,” he says.

Read more here.

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