At the beginning of 2025, economists predicted 2.7% inflation, unemployment of 4.3%, and GDP growth of around 2% for the year. Not bad!
How Good Were 2025 Forecasts?
Last January I shared a roundup of forecasts for the year from markets and professional economists. Were they any good? Here was their prediction for the US economy: WSJ’s survey of economists reports that inflation expectations for 2025 were around 2% before the election, but are closer to 3% now. Their economists expect GDP growth slowing to…
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