Budget forecasts are no sure thing

BusinessDesk analysed the accuracy of almost a decade's worth of Budget forecasts delivered in the period from 2011-2019.

Andy Fyers

Thu, 20 May 2021

When the Budget is unveiled it will come with a raft of forecasts for the economy, national income and balance sheet.There's a tendency to report these forecasts as though they are set in stone.So, it is worth keeping in mind that all economic forecasts come with a high degree of uncertainty. To get a sense of the margin of error that you might want to factor into the Budget outlook, BusinessDesk analysed the accuracy of almost a decade's worth of Budget forecasts delivered in the period from 2011-2019.Many of the forecasts deliver...

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