1. EconomyAustralia

   Australia: in November 2021 the Reserve Bank of Australia expected GDP growth of 5.5% for 2022; the outcome was 3.3%

   Forecasts of 67 releases (2008–2024) for the next year: the outcome above the forecast 11 times, below 56; typical error −0.50 percentage points. The largest under-forecast in February 2020: 3.0% expected for 2021, the outcome was 4.9%. The largest over-forecast in August 2019: 2.8% expected for 2020, the outcome was −0.4%.

   Source: Central banks: published forecasts; actual: official statisticsOpen on the chart →

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