Nicholas Hallmark

Nov 6, 2023 | bnnbloomberg.ca | Martin Ademmer |Ana B. Galvao |Ana Flávia Galvão |Nicholas Hallmark |Andrej Sokol |Bjorn van Roye | +1 more

(Bloomberg) -- Economic analysis for a market audience is in the midst of a revolution. In the old world, economists waited for lagging official data, worked without robust objective measures as a support for subjective judgments and struggled to bridge the gap between economic theory and market behavior. Perhaps it shouldn’t be a surprise, then, that the major economic events of the past 20 years—the Great Recession of 2007-09 and 2021’s inflation surge—took most forecasters by surprise.

Nov 6, 2023 | bloomberg.com | Martin Ademmer |Ana B. Galvao |Ana Flávia Galvão |Andrej Sokol |Bjorn van Roye |Anna Wong | +1 more

Economic analysis for a market audience is in the midst of a revolution. In the old world, economists waited for lagging official data, worked without robust objective measures as a support for subjective judgments and struggled to bridge the gap between economic theory and market behavior. Perhaps it shouldn’t be a surprise, then, that the major economic events of the past 20 years—the Great Recession of 2007-09 and 2021’s inflation surge—took most forecasters by surprise.