Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can.
Sentiment: NEGATIVE
We really can't forecast all that well, and yet we pretend that we can, but we really can't.
No one can forecast the economy with certainty.
When better business decisions are made, economists won't make them.
I never understand why 'economist makes forecast' is ever a headline. Whether the economist in question is from the International Monetary Fund, a City forecasting group or the Treasury - a forecast is still not news.
I don't think we should run government based on economists' predictions.
I think the association of economics with forecasting is unfortunate and is down to the fact that one great way to get an investment bank's name on business television is to hire a guy called a Chief Economist who will go and prognosticate.
I'm not an economist and we all know economists were created to make weather forecasters look good.
Economic forecasting has actually got pretty good over the years, though admittedly, we don't always get it right.
An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.
If all the economists were laid end to end, they'd never reach a conclusion.
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