What economists got wrong in 2025
Forecasts dwelled too much on Donald Trump’s threats and not enough on offsetting factors
Forecasts dwelled too much on Donald Trump’s threats and not enough on offsetting factors

Experts are struggling in a less predictable world rife with simple and popular answers

History suggests the political approach ends in unsustainable debt and lower GDP

The statistical blind spot could affect everything from interest rate cuts to investment decisions

Concerns that November figures showing fall to 2.7% distorted by missing data after shutdown

Investors today might be too complacent about the risks to earnings from slower growth and higher inflation

No economy rises or falls for just one reason, even a shock as big as Trump’s trade policy