17. Juni 2016 1671 Views

Economist Insights – Grave new world

Joshua McCallum – Head of Fixed Income Economics

Do economists have a natural propensity towards optimism? If we look at the weight of forecasts published by the economists of the IMF, one might think so, given their unwaveringly optimistic, but erroneous, view of growth prospects in the years since the financial crisis. A view which, it must be said, the market has shared. But what does this misplaced optimism actually point to?

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