IMF Growth Forecast vs. Reality
Charts of IMF global growth estimates vs.what has actually happened are either humorous or downright pathetic depending on your sense of humor. One thing sure stands out: Perpetual optimism reins supreme.
A few charts from the Wall Street Journal report Five Trends That Will Shape the Future of the U.S. Economy shows what I mean.
IMF Growth Estimates 2010-2010
Gap Between Predicted Growth and Reality
Only Saudi Arabia and Turkey have posted growth rates that exceeded their October 2010 projections.
Real GDP Pre-Crisis vs. Post-Crisis
Why anyone pays attention to IMF growth forecasts is a mystery.