CBO’s Economic Forecasting Record: 2015 Update

February 12, 2015

CBO’s forecasts generally have been comparable in quality to those of the Administration and the Blue Chip consensus, with large errors by CBO tending to reflect difficulties shared by other forecasters.

Data and Supplemental Information

Corrections and Updates

On July 9, 2015, CBO reposted the file providing the data underlying the report’s figures. The updated version includes corrections to the errors calculated for forecasts of interest rates (on tab 11).