Yet economists say there is a good chance the IMF’s numbers are already out of date.
“The problem with the IMF forecasts is that they tend to be quite out of date when they come out,” says Andrew Goodwin, chief UK economist of Oxford Economics.
“If you think about forecasters like ourselves, we’re constantly updating our forecasts based on the data that’s coming out. The IMF generally has to draw a line quite a long way before the time they’re released and take the data as it was then.”
Well, yes. As an argument not to take the free stuff from government but buy our private sector produce instead that works very well. The problem here is that macroeconomic forecasts are near always total toss anyway, making private and later no more use than public and earlier.