Economists are hunting for alternative indicators of recovery | Curio
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Economists are hunting for alternative indicators of recovery

5 mins | Jun 17, 2020
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US data suggests that being allowed to go out and spend is less important than feeling confident to do so. "So while useful at identifying turning points, the multitude of high-frequency indicators have very little predictive power. Bloomberg's survey of professional economic forecasters shows annualised gross domestic product in the third quarter of 2020 should come in somewhere between a 5 per cent contraction and 65 per cent growth — by far the biggest range I have ever seen." Megan Greene, writing in the Financial Times, analyses.

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