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Posts Tagged ‘The Bank of England’

Economic forecasting – not an exact science. The Bank of England Forecast

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Economic forecasting

An economic forecast refers to making prediction about the economy and identifying increasing, stagnant or declining trends. Economic forecasts are provided by international organizations like the International Monetary Fund (IMF) or the World Bank, but also by national governments and financial institutions. Forecasting is based on series of KPIs like $ Gross Domestic Product (GDP), % Inflation, % Unemployment or $ Fiscal deficit.

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