Where’s That Recession? Forecasts Found Wanting

I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at Katia Dmitrieva’s reporting on economic forecasting errors. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.

The notable miss by economists on Tuesday’s pick-up in core US inflation was just the latest forecasting failure by professional economists in recent years. It pales in comparison to the vast majority of them having expected the country would be in a recession by now.