Canada: in January 2014 the Bank of Canada expected GDP growth of 2.5% for 2015; the outcome was 0.6%
Forecasts of 60 releases (2009–2024) for the next year: the outcome above the forecast 28 times, below 32; typical error 0.00 percentage points. The largest under-forecast in January 2020: 2.0% expected for 2021, the outcome was 6.0%. The largest over-forecast in January 2019: 2.1% expected for 2020, the outcome was −5.0%.
Source: Central banks: published forecasts; actual: official statisticsOpen on the chart →