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News Link • Future Predictions

A Comedy Of IMF Forecasting Errors: Global Trade Growth Tumbles More Than 50%...

  Moments ago we got the IMF's first forecast update for 2014 which also included the Fund's first 2015 forecasts for growth around the world. Not surprisingly, they were largely higher across the board except for China which has seen its 2014 projected GDP growth collapse from 8.5% a year ago to 7.5% now, and is expected to drop modestly to 7.3% in 2015. The charts showing the progression of said hilarious forecasts are shown in their entirety below, about which one thing can be said with certainty: whatever the GDP growth rate in the world is in 2014 and 2015 it will be anything but what the IMF predicts it to be.

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