'I got it wrong': Economists stung by unpredictable year
The Sydney Morning HeraldThe panel was collectively more accurate than official Reserve Bank of Australia and federal Treasury forecasts on several crucial indicators of the economy's performance but because of the inaccuracies in forecasts across the board, no single economist on the panel has been picked as forecaster of the year.
However, both Kingston University's Steve Keen and Market Economics' Stephen Koukoulas accurately tipped the rate to be cut to 0.75 per cent by the end of last year. Mr Anthony was the only panel member to anticipate a 0 per cent change in housing investment and he was 0.05 per cent away from estimating China's 6.3 per cent GDP growth.
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