All the updated news related to economic forecasts

All the news related to economic forecasts updated in real time

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foreconomic forecasts

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Bank of England staff use ‘out-of-date’ software to make economic forecasts

The model that the Bank of England uses to make economic forecasts has “significant shortcomings”, a review commissioned by the Bank has found as it recommended dedicating more resources to the job. A report by former US Federal Reserve chair Ben ...

12 Apr 2024 at 14:12

Retail sales fall unexpectedly in October amid Budget hit to consumer confidence

Retail sales fell unexpectedly last month for the first time since May in the latest sign of consumer caution ahead of the Budget. Official figures showed retail sales by volume fell 1.1% during October, following an upwardly revised increase of ...

21 Nov 2025 at 10:20

OBR boss denies forecast drove welfare cut proposals

The Chancellor could have met her fiscal rules without proposing £5 billion worth of welfare cuts, the head of the Office for Budget Responsibility (OBR) has said. Richard Hughes rejected the suggestion that the OBR’s forecast was now driving ...

15 Jul 2025 at 13:31

What is the Bernanke review and what did it find?

Former Federal Reserve chairman Ben Bernanke has recommended that the Bank of England makes a series of changes to how it makes economic forecasts. Here we explore why this review was called, what the changes are and how the Bank currently ...

12 Apr 2024 at 15:28

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