It takes the average reader and 48 minutes to read An Evaluation of World Economic Outlook Growth Forecasts, 2004–17 by Oya Celasun
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This paper examines the performance of World Economic Outlook (WEO) growth forecasts for 2004-17. Short-term real GDP growth forecasts over that period exhibit little bias, and their accuracy is broadly similar to those of Consensus Economics forecasts. By contrast, two- to five-year ahead WEO growth forecasts in 2004-17 tend to be upward biased, and in up to half of countries less accurate than a naïve forecast given by the average growth rate in the recent past. The analysis suggests that a more efficient use of available information on internal and external factors—such as the estimated output gap, projected terms of trade, and the growth forecasts of major trading partners—can improve the accuracy of some economies’ growth forecasts.
An Evaluation of World Economic Outlook Growth Forecasts, 2004–17 by Oya Celasun is 47 pages long, and a total of 12,079 words.
This makes it 16% the length of the average book. It also has 15% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 6 minutes to read An Evaluation of World Economic Outlook Growth Forecasts, 2004–17 aloud.
An Evaluation of World Economic Outlook Growth Forecasts, 2004–17 is suitable for students ages 8 and up.
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