The so-called experts surprised again
That brave band of
economic forecasters have done it again. The Australian Bureau of Statistics retail sales figures out today have left them looking foolish. The 18 "experts" paid by banks and other financial institutions surveyed by Bloomberg predicted a modest sales gain in March of 0.5 per cent. The actual ABS figure at 2.2 per cent was more than four times higher.
economic forecasters have done it again. The Australian Bureau of Statistics retail sales figures out today have left them looking foolish. The 18 "experts" paid by banks and other financial institutions surveyed by Bloomberg predicted a modest sales gain in March of 0.5 per cent. The actual ABS figure at 2.2 per cent was more than four times higher.
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