, Columnist
Welcome to the Blah Blah Blah Economy
What people have consistently predicted about the economy has turned out to be wrong.
Pretending to see the future.
Photographer: Matt Winkelmeyer/Getty Images
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We all know that prediction is hard, especially about the future. But divining the global economic outlook in recent times has become increasingly difficult. Inflation continues to race ahead, defying economists’ forecasts for a slowdown. Meanwhile, the recession that’s been just around the corner for several quarters remains, well, just around the corner. The problem, according to Allison Schrager, is that this time really is different — unpredictably different.