Danny’s Balls

dannys-ball-forecasts2

Guido has in the past reflected on the accuracy of Danny Blanchflower’s economic forecasting. How have his more recent forecasts of doom and gloom fared?

“Pay is going nowhere,” said the sage of Dartmouth last month, warning “we won’t see real wage growth until 2016 at the earliest”. Dopey Danny was following up on his June prediction that there is little likelihood of real wage growth rising in the months ahead”. He also made the same warning in May“I wish the MPC good luck with their forecast that real wages are set to rise in the second half of 2014”.

Lo and behold, today’s ONS data shows that “average earnings are now definitely rising”. He really should throw away his crystal ball…

mdi-tag-outline Evidence Based Blogging Statistics
mdi-account-multiple-outline Danny Blanchflower
mdi-timer December 18 2014 @ 13:35 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
Home Page Next Story

Comments are closed