Reported 2 months ago
Goldman Sachs Chief Economist Jan Hatzius reveals that analysts have repeatedly misjudged the economy over the past five years, particularly during and after the COVID pandemic. He underscores three major forecasting errors: the underestimation of a V-shaped recovery post-pandemic, the unexpected inflation surge in 2021, and the belief that a recession was necessary to manage inflation. Hatzius also highlights lessons learned about market imbalances and labor market indicators, expressing cautious optimism that inflation can be reduced to target levels without leading to a recession.
Source: YAHOO