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International Business Times
International Business Times
Business
Juliette VILROBE, Ali BEKHTAOUI

DARK SECRETS: Economists pilloried for getting forecasts wrong - The Real Truth

Visibility is low for economists as models have failed to keep up with changes in the global economy (Credit: AFP)

Economists are taking flak after missing the mark on inflation, failing to anticipate disruptions in global supply chains and forecasting a recession that has not materialised.

The Covid-19 pandemic, Russia's war in Ukraine and more recently the Middle East conflict have made it tougher for experts to see clearly into their economic crystal balls.

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