Navigating Major Transitions in an Uncertain Economy
Following yet another release of US macroeconomic data that lies outside the range that anyone had predicted, the only certainty is that forecasters' jobs are not getting any easier. But while the global outlook is growing murkier, it has not become inscrutable.
CAMBRIDGE – Once again, US economic and market forecasters are having a difficult time. Worse, while 2023 surprised on the upside, the deviation from projections in 2024 could be much less favorable.