1. EconomyNew Zealand

   New Zealand: in August 2020 the Reserve Bank of New Zealand expected inflation of 0.3% for 2021; the outcome was 5.9%

   Forecasts of 25 releases (2018–2024) for the next year: the outcome above the forecast 15 times, below 10; typical error +0.90 percentage points. The largest under-forecast in August 2020: 0.3% expected for 2021, the outcome was 5.9%. The largest over-forecast in February 2019: 2.0% expected for 2020, the outcome was 1.4%.

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

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