CBO’s Economic Forecasting Record: 2017 Update

October 2, 2017
Report

CBO’s economic forecasts have been comparable in quality to those of the Administration and the Blue Chip consensus. Large errors in CBO’s forecasts tend to reflect challenges faced by all forecasters.

View Interactive Graphic

Interactive Graphic

Summary Measures of the Quality of Forecasts of Selected Economic Variables,
by Forecast Horizon and Forecaster
Economic Variables
Forecast Horizons
Forecasters

Data and Supplemental Information