Let’s take another example. In December 2007, economists in the Wall Street Journal forecasting panel predicted only a 38 per cent likelihood of a recession over the next year. We know what transpired, but this was especially remarkable because the data would later reveal that the economy was already in recession at the time of the forecast!
Global Markets | European shares fall again as Mideast war drags on
European shares extended their decline on Tuesday, mirroring a global equity selloff as investors grappled with the prospect of a prolonged Middle East conflict. A
March 3, 2026