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IMF has been right about this exactly 0 times in the last 12 years.
by eddhead 4y ago
IMF has been right about this exactly 0 times in the last 12 years.
- ivanvanderbyl 4y agoSource?
- seanhunter 4y agoThis is a talking point that is being put about by people (eg Jacob Rees-Mogg) who supported Brexit in an attempt to discredit the bad news. In research, the IMF's forecasting accuracy for GDP for G7 nations is pretty good and has been reasonably accurate over time. For example https://www.imf.org/en/Publications/WP/Issues/2016/12/30/How-Accurate-Are-the-Imf-s-Short-Term-Forecasts-Another-Examination-of-the-World-Economic-2056 https://www.imf.org/en/Publications/WP/Issues/2016/12/30/How... , https://www.imf.org/en/Publications/WP/Issues/2021/08/06/An-Evaluation-of-World-Economic-Outlook-Growth-Forecasts-200417-462892 https://www.imf.org/en/Publications/WP/Issues/2021/08/06/An-... and https://www.heritage.org/trade/report/how-reliable-are-imf-economic-forecasts https://www.heritage.org/trade/report/how-reliable-are-imf-e... but you can find other sources.