Macroeconomic Forecasts

ABSTRACT

I have been challenged to compare the forecasts of three different institutions. Once the forecasts were assembled I researched the reasons why there may be differences between the institution’s forecasts. I have also discussed the implications of these forecasts on three planning issues within the organization. My findings and recommendations of changes to these planning issues in order to minimize potential risks or maximize opportunities follow in the paper below.
Macroeconomic Forecasts
Factors such as inflation, unemployment, consumer spending and the overall level of output in the economy are covered by forecasts such as those put out by the government and financial institutions. Predictions are made and published regularly by governments throughout the West and private sector institutions. The results of the forecasts are in turn used as inputs to significant policy decisions, such as setting interest rate...