Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/203410
Authors: 
Ferrarini, Benno
Year of Publication: 
2019
Series/Report no.: 
ADB Economics Working Paper Series 568
Abstract: 
This is done in relation to the benchmark of World Economic Outlook (WEO) projections by the International Monetary Fund. Amid much heterogeneity across countries and years, it has been found that ADO and WEO projections overlap quite closely. Both are inaccurate, especially during crisis years, suggesting that forecasters struggle to come up with reliable forecasts. Projections only sharpen when additional data and evidence become available over time and are incorporated during quarterly revisions.
Subjects: 
Asian Development Bank
Asian Development Outlook
International Monetary Fund
macroeconomic forecasts
World Economic Outlook
JEL: 
E17
E37
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/3.0/igo/
Document Type: 
Working Paper
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