EC Spring Forecast

The European Commission have released their Spring 2013 Economic Forecast which can be accessed here, with the forecasts for Ireland extracted here.

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  1. I’ve written up a post that annoying the blog won’t take, but if people have time it’s worth comparing the first para of the overview 2010/11/12/13. As Seamus Coffey said, it’s ‘rinse and repeat’.

    (Un)employment graph on page 25 tells the story.

    Also discussion of forecast errors, P.19 Box 1.2 where they proudly announce that their forecasts for the year they’re actually in are very good, and then say but their forecasts for the next year are always out as they overestimate the growth to come. No suggestion that terrible policy choices may be to blame.

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