The Hazards of Economic Forecasting
When economists lay out their forecasts for all to see, they usually add a caveat such as “barring any unforeseen circumstances”. The COVID-19 global pandemic has certainly turned out to be one of those circumstances that has derailed all forecasts made prior to this virus rearing its ugly head.
Mike Switzer interviews Bruce Yandle, Dean Emeritus at the College of Business & Behavioral Science and Alumni Professor of Economics Emeritus, both at Clemson University. He is also a Distinguished Adjunct Fellow at George Mason University’s Mercatus Center which publishes his Economic Situation Report.