THE FINANCIAL MIRROR
CONSENSUS FORECASTS This week we publish the second of our quarterly Financial Mirror
Consensus Forecasts, with six well known economists from the private sector and academia, giving their opinions on which way the economy is heading this year and next.
Four
consensus forecasts have been in existence long enough to answer the question: Which
consensus forecast is the best?
Asia Pacific
Consensus Forecasts is the result of a comprehensive monthly survey of over 130 prominent forecasters.
Also includes
consensus forecasts for 3-4 variables each (including GDP growth, consumer price inflation, industrial production and current account balances) for twelve other countries in Western Europe and Africa/Middle East (Austria, Belgium, Denmark, Egypt, Finland, Greece, Ireland, Israel, Nigeria, Portugal, Saudi Arabia and South Africa).
A five-year review of EvaluatePharma's
consensus forecasts of analyst predictions for blockbuster or near-blockbuster drug launches found that new products with the biggest hopes often disappoint, while others have vastly outperformed low expectations.
Latin American
Consensus Forecasts is the result of a comprehensive monthly survey of over 120 prominent forecasters.
Published monthly,
Consensus Forecasts - USA offers a comprehensive outlook for the United States economy, covering 20 macroeconomic variables over a 2 year forecast horizon.
The ranking system also included
consensus forecasts for long-term earnings growth and debt to capital ratios.
Forbes used Thomson IBES
consensus forecasts for long-term earnings growth; accounting and governance scores came from Audit Integrity of New York and Los Angeles.
Despite year-end 2006
consensus forecasts that anticipate an early 2007 easing move by the Federal Reserve's Open Market Committee to stimulate a softening U.
A summary of the latest
consensus forecasts is also provided on the back page.
The brokerage firm stated that it expects the bookseller to exceed its third-quarter guidance and
consensus forecasts.
