Japan: in April 2007 the Bank of Japan expected GDP growth of 2.1% for fiscal 2008/09; the outcome was −3.3%
Forecasts of 62 releases (2001–2024) for the next fiscal year (April–March): the outcome above the forecast 16 times, below 46; typical error −0.80 percentage points. The largest under-forecast in January 2020: 1.1% expected for fiscal 2021/22, the outcome was 3.8%.
Source: Central banks: published forecasts; actual: official statisticsOpen on the chart →