Euro area: in March 2008 the ECB expected GDP growth of 1.8% for 2009; the outcome was −4.4%
Forecasts of 83 releases (2004–2024) for the next year: the outcome above the forecast 39 times, below 44; typical error 0.00 percentage points. The largest under-forecast in March 2020: 1.3% expected for 2021, the outcome was 6.4%. The largest over-forecast in March 2019: 1.6% expected for 2020, the outcome was −6.1%.
Source: Central banks: published forecasts; actual: official statisticsOpen on the chart →