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!
India equity surge brightens outlook for exchanges, brokerages
India’s equity market is witnessing a vibrant revival, boosting earnings prospects for brokerages and exchanges. A surge in trading activity, spurred by favorable market dynamics