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is evidence of nonlinearities in forecast smoothing. It is less pronounced in the tails of the distribution of individual … forecast revisions than in the central part of the distribution. …
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While the economies of the fifteen countries that were in the European Union (EU15) in 2000 will continue to grow from now until 2040, they will not be able to match the surges in growth that will occur in South and East Asia. In 2040, the Chinese economy will reach $123 trillion, or nearly...
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