Criticism targets economists around the world. Why?.
The forecasts of economists became questionable in economic circles after forecasts that did not occur. European Central Bank President Christine Lagarde added her voice to critics of experts' forecasts. Some economists are already stressing that their peers need to break out of their comfort zone of traditional spreadsheets and rigid models.. The International Monetary Fund raised its global growth forecast for 2024 to 3.1%, attributing the matter to the unexpected resilience in major emerging and advanced economies.