spin_dry Posted February 25, 2020 Share Posted February 25, 2020 https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/economists-pull-back-odds-on-a-recession-in-2020-133812987.html Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted February 25, 2020 Share Posted February 25, 2020 but a few posts back we were all looking in to a black hole of doom with the mortgage industry .so what one is it doom or ok ? we need pamper to weigh in on this so I know what way to go here Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted February 25, 2020 Share Posted February 25, 2020 Poor Ben. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted February 25, 2020 Author Share Posted February 25, 2020 Yep, one big sigh of relief. On the basis of their analysis, one could have expected that an October 2007 forecast of real GDP growth for 2008 would be within 1.3 percentage points of the actual outcome 70 percent of the time. The New York Fed staff forecast at that time was for growth of 2.6 percent in 2008. Based on the forecast of 2.6 percent and the size of forecast errors over the Great Moderation period, one would have expected that 70 percent of the time, actual growth would be within the 1.3 to 3.9 percent range. The current estimate of actual growth in 2008 is -3.3 percent, indicating that our forecast was off by 5.9 percentage points Quote Link to comment Share on other sites More sharing options...
Zambroski Posted February 25, 2020 Share Posted February 25, 2020 Thank god. I’ll sleep easy tonight. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.