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When economic predictions are wrong

Jul 22, 2021
When we tell you about economic news, we’re always saying things like "numbers were higher (or lower) than expected." How much, then, should we consider economists’ expectations?
A once-in-a-lifetime pandemic has thrown a wrench in economic forecasting, economists say.
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How COVID-19 made high-frequency data a go-to economic indicator

Mar 31, 2021
More than ever, economists are turning to alternative forms of data to help them understand the economy in real time.
Geolocation data collected from mobile devices has become a useful pandemic indicator for the CDC, the Federal Reserve and Wall Street analysts.
Frederic J. Brown/AFP via Getty Images