Sydney Morning Herald (July 6)
“Property prices could fall by more than initially feared as the Reserve Bank ratchets up official interest rates to fight surging inflation…. Property watchers were already forecasting price falls of between 15 and 20 per cent in Sydney and Melbourne.” It now looks increasingly likely the price declines will be even steeper.
Tags: 15–20%, Falls, Forecasting, Interest rates, Melbourne, Price, Property prices, Ratchets up, Reserve Bank, Steeper, Surging inflation, Sydney
New York Times (August 7)
“One pretty good forecasting rule for the coronavirus era has been to take whatever Trump administration officials are saying and assume that the opposite will happen. When President Trump declared in February that the number of cases would soon go close to zero, you knew that a huge pandemic was coming.”
Tags: Administration, Cases, Coronavirus, Forecasting, Opposite, Pandemic, Rule, Trump
The Economist (November 26)
“Britain is in a state of unprecedented uncertainty. The government is unclear about what sort of Brexit it wants. Economic forecasting is, as a result, as good as guesswork. The outlook for the public finances is similarly uncertain.” Nevertheless,“this year’s Autumn Statement, in sum, hinted at how painful Brexit is going to be.”
Tags: Brexit, Forecasting, Government, Guesswork. Outlook, Painful, UK, Uncertainty, Unprecedented
