Will the IMF get it right this time?

The IMF has been looking into why its forecasts have been so wrong. Armed with that information, perhaps now it will get global growth right.

At the same time as lowering its forecast for growth and raising the probability of a global recession from 20 to 33 per cent, the IMF has published a bracing examination of its failures.

Chief economist Olivier Blanchard assigned a couple of his economists, Rupa Duttagupta and Thomas Helbling, to report on why he and his team keep getting it wrong.


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