Is focus Economics credible?

Founded in 1998, FocusEconomics has established a solid reputation among the world’s major financial institutions, multinational companies and government agencies as a reliable source for timely and accurate business intelligence.

What is consensus method of forecasting?

Meaning of consensus forecast in English a method of measuring how successful a company or the economy will be. A consensus forecast is calculated by dividing the scores given by experts and finding the average of those scores: Pre-tax profits for the bank were slightly better than consensus forecasts.

Who is FocusEconomics?

FocusEconomics is a leading provider of economic analysis and forecasts for 200 countries in Africa, Asia, Europe, the Middle East and the Americas, as well as price forecasts for 34 key commodities. The company is supported by an extensive global network of analysts.

Why is economic forecasting and planning important?

Economic forecasts are very important for determining monetary policy / fiscal policy. If the economy is really expected to recover, then inflation may pick up and the Bank may need to raise interest rates. If the economy is likely to continue to shrink, the Bank may need to pursue further quantitative easing.

Where is China in the economic cycle?

It has now entered the stage of high growth and high inflation (from the first quarter of 2010 to the third quarter). The Chinese economy is expected to move into a state of low growth and high inflation from now, and then to low growth and low inflation next year, in the form of cooling inflation.

What is consensus forecast in supply chain?

Consensus demand planning is a multistep process of integrating the future baseline demand with sales and market activities to shape demand to achieve the P&L objectives. This research helps supply chain leaders structure a formal demand-planning process for improved financial business outcomes.

Which one of the following is used to generate consensus forecast?

The Delphi technique is a group communication method where a panel of experts arrive at a consensus over a series of questions and discussions. It is used for estimating or forecasting. Then the question and discussion rounds begin, and usually end by the third or fourth round.

What are the three key components of economic forecasting?

d. There are three approaches to estimating and forecasting such models; (1) Linear Probability model (LPM), (2) Logit model, (3) Probit model and Tobit model. Other qualitative forecasting methods are based on the judgement and opinions of others, such as concerning future trends, tastes and technological changes.

Is China in a growth or decline of the economic cycle?

Economic output climbed 4 percent in the last quarter of 2021, slowing from the previous quarter. Growth has faltered as home buyers and consumers become cautious.

What phase of business cycle is China in?