The World Economic Outlook (WEO) is a key source of forecasts of global economic conditions. It is therefore important to review the performance of these forecasts against both actual outcomes and alternative forecasts. This paper conducts a series of statistical tests to evaluate the quality of...

In this paper we report results of 3- and 6-months ahead forecasts of Gross Domestic Product (GDP) of China. In total we use 124 predictors from various sources and dates ranging from 2000 through 2017. We use China specific macroeconomic time series data and a large number of predictor...

We consider combinations of subjective survey forecasts and model-based forecasts from linear and non-linear univariate specifications as well as multivariate factor-augmented models. Empirical results suggest that a simple equal-weighted average of survey forecasts outperform the best...