Forecasting Inflation: Can Machines Outperform Economists?

Forecasting Inflation: Can Machines Outperform Economists?

On the cusp of a new year, the question top of mind for many governments, businesses and individuals must be “What will economic growth and inflation be in 2024?”   After all, 2022-2023 may well be remembered as the years that central banks and economists made major...
Data Insights – What Happened to Eurozone Inflation

Data Insights – What Happened to Eurozone Inflation

Headline inflation for Eurozone was released today (8.5%) and it came as a surprise against the short-term consensus (9%). Our prediction for this reading (8.8%) published one month ago came much closer to the realized inflation figure. The market from yesterday was...

Data Insights – Spain Inflation (Not a Surprise)

Headline inflation for Spain was released today (5.8%) and it came as a surprise against the short-term consensus (4.7%). Our prediction for this reading (5.79%) published one month ago came much closer to the realized inflation figure. Our model picked well in...