Economy

Feb 11, 2013

RBA offers a reality check on economic forecasting

The RBA has adopted a more realistic, and less certain, approach to economic forecasting. Will the private sector follow its lead? Crikey's Glenn Dyer and Bernard Keane investigate.

As we go into an election year, the Reserve Bank of Australia has given all of us a reality check on both the outlook for the Australian economy and its confidence in forecasting it.

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