Economic Projections Quotes

Economists are about as useful as astrologers in predicting the future (and, like astrologers, they never let failure on one occasion diminish certitude on the next).

An economist is someone who knows all the answers to last years' questions.

While I was pleasantly surprised by the relatively high number of jobs created in April, the fact is that job creation during this recovery period has significantly lagged both historical experience in recovery, and the projections of the Bush Administration.

Experts kill me. Economic experts, that is. Corporations, foundations, publications and governments pay them by the bucketful, and they fill buckets with forecasts that change more frequently than white-collar, workers do shirts. What Lies Ahead is the usual title. What Lies would often be more appropriate. If women's hemlines changed as rapidly as an economist's forecasts, the fashion people and the textile industry would be more profitable than any other. In fact, if all the country's economists were laid end to end, they still wouldn't reach a conclusion.

To the contrary, when you look at projections, both Polish and international, we can expect some slowing down of the rate of growth in the coming year, 2012. But of course these are projections.

Economists state their GNP growth projections to the nearest tenth of a percentage point to prove they have a sense of humor.

I'm an economist, I do a lot of forecasting, and I'm probably one of the most successful forecasters in terms of very specific kinds of forecasts.

Lift the curtain and 'the State' reveals itself as a little group of fallible men in Whitehall, making guesses about the future, influenced by political prejudices and partisan prejudices, and working on projections drawn from the past by a staff of economists.

As chairman of the president’s Council of Economic Advisers during the 1990s, I had to make projections about where the economy was going to be one, two, or three years ahead; frankly, I often found myself facing a cloudy crystal ball. Forecasting a few years out is hard enough; forecasting seventy-five years out is essentially impossible. Slight changes in life expectancy, immigration, wage growth, and interest rates could have large effects on the solvency of the (Social Security System.)

Frankly, one of the problems we have in the country is we're not forming enough families. And that is hurting our economic work, and it's hurting our economic projections, because the best place for a child is within a strong family unit.

Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.

Nobody can guarantee the real terms per pupil funding increase. In the Labour party's manifesto we know the figures don't add up.

All economic forecasts are subject to considerable uncertainty. There is always a wide range of plausible outcomes for important economic variables, including the federal funds rate.