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Economic forecasting is the process of making predictions about the economy. Forecasts can be carried out at a high level of aggregation—for example for GDP, inflation, unemployment or the fiscal deficit—or at a more disaggregated level, for specific sectors of the economy or even specific firms.
He led TD Economics’ work in analyzing and forecasting economic performance in Canada and abroad. [4] From 2001 until his retirement, he headed government relations for the bank. [5] He was regarded as having transformed the bank's economics department into a "think-tank on topics of national importance". [6]
In a research note released to reporters on Monday, BofA's economics team led by Claudio Irigoyen projected the US economy will grow at an annualized rate of 2.4% in 2025, higher than current ...
A consensus forecast is a prediction of the future created by combining several separate forecasts which have often been created using different methodologies. They are used in a number of sciences, ranging from econometrics to meteorology, and are also known as combining forecasts, forecast averaging or model averaging (in econometrics and statistics) and committee machines, ensemble ...
The National Bureau of Economic Research says a recession involves a "significant decline in economic activity that is spread across the economy and lasts more than a few months."
The Federal Reserve is expected to lower borrowing costs on Wednesday in what some observers are calling a "hawkish cut" set to be delivered alongside policymakers' updated interest rate outlooks ...
Nowcasting in economics is the prediction of the very recent past, the present, and the very near future state of an economic indicator. The term is a portmanteau of "now" and "forecasting" and originates in meteorology.
Consensus Economics publishes Consensus Forecasts, a widely cited monthly compilation of macroeconomic forecasts and topical analyses by country for 115 economies. [ 1 ] [ 2 ] The countries covered include member countries of the G-7 industrialized nations , Asia Pacific , Eastern Europe , and Latin America . [ 2 ]