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Every economic projection has proved too optimistic.
Appraising the economic projection work behind the pleasing sounding stats, of course, is a longer process.
Take the CBO's latest economic projection for unemployment and inflation, and apply a simple Taylor rule.
Later, Mr. Bernanke described the Fed's economic projection for the rest of this year — growth of about 3.5 percent — and said, "We'll see if that's the case".
Specifically, the Ryan proposal trumpets the results of an economic projection from the Heritage Foundation, which claims that the plan's tax cuts would set off a gigantic boom.
That means the best-case economic projection is for a new year of anemic expansion and high joblessness — muddling along with growth of about 2 percent, which is too weak to push unemployment much below its current 8.6 percent.
Similar(42)
Cooper suggested that economic projections could serve as a gauge for projecting the future utilization of physician services [ 31].
"If you do it right, this isn't pie-in-the-sky economic projections that you sometimes hear in these sorts of projects," he said, adding that the state would lose $6.5 million annually without the team.
BenMAP projects populations to 2001 and 2002 using growth factors based on economic projections (Woods and Poole Economics Inc. 2001).
Dire economic projections like that, of course, make people nervous.
The bank will release its latest economic projections next week.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com