Author : Mr.Michael J. Artis
Publisher : International Monetary Fund
ISBN 13 : 1451851251
Total Pages : 94 pages
Book Rating : 4.4/5 (518 download)
Book Synopsis How Accurate Are the Imf's Short-Term Forecasts? Another Examination of the World Economic Outlook by : Mr.Michael J. Artis
Download or read book How Accurate Are the Imf's Short-Term Forecasts? Another Examination of the World Economic Outlook written by Mr.Michael J. Artis and published by International Monetary Fund. This book was released on 1996-08-01 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the short-term forecasts for industrial and developing countries produced by the International Monetary Fund, and published twice a year in the World Economic Outlook (WEO). For the industrial country group, the WEO forecasts for output growth and inflation are satisfactory and pass most conventional tests in forecasting economic developments, although forecast accuracy has not improved over time, and predicting the turning points of the business cycle remains a weakness. For the developing countries, the task of forecasting movements in economic activity is even more difficult and the conventional measures of forecast accuracy are less satisfactory than for the industrial countries.