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The hidden future of the US economy
Just how bad is the outlook for the United States’ economy? Unfortunately, you cannot tell from the forecasts. These days, it is common to read forecasts predicting that the US economy will grow at a 3 per cent annual rate in the coming year. But just what does that mean? The forecaster is not saying that she is confident that growth will be exactly 3 per cent. Every forecaster recognises
Just how bad is the outlook for the United States’ economy? Unfortunately, you cannot tell from the forecasts. These days, it is common to read forecasts predicting that the US economy will grow at a 3 per cent annual rate in the coming year. But just what does that mean? The forecaster is not saying that she is confident that growth will be exactly 3 per cent. Every forecaster recognises
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