What Are Consensus Forecasts?

A Balanced Approach

For several decades, journalists and researchers have been collecting and combining economic and financial forecasts using surveys. For our Consensus Forecasts™ publications we ask the world’s leading forecasters for their predictions for more than 1,000 variables from over 100 nations in the G7 and Western Europe, Eastern Europe, Asia Pacific and Latin America. Incoming survey responses are then processed using proprietary software and checked for accuracy, completeness and integrity. For the principal countries covered, our publications show the estimates of individual panellists for each economic indicator, along with the mean average.

The table below shows a small sample of the data from Consensus Forecasts™ for the United States (in this case, from our July 13, 2020 survey).

US GDP and Inflation Forecasts from July 2020 Survey Survey