Syndicate content

Add new comment

Submitted by Mark on
You are right Shanta, but when did economists ever forecast anything correctly? I would make 2 points: - most markets in the western economies were in recession 4-6 months before the financial crisis started, so any analysis should separate the recession from the banking crisis. - even now, economists are attempting to predict the end of the downturn by taking one or two monthly data points and extrapolating them for several quarters ahead, ignoring your point about how simpistic this analysis is.