This study assesses World Bank (WB) forecasts for growth in real gross domestic product (GDP) and its subcomponents during the global financial crisis of 2008 and the consequent Great Recession in 2009. Several have examined macroeconomic forecasts for advanced economies conducted by...

We investigate the directional accuracy of exchange rate forecasts by corporate executives. We find that a forecast with a 1-year horizon is valuable for the profitability and unprofitability predictions of manufacturers, although previous studies provide considerable evidence that forecasts...