Business Standard

The consensus bullish forecast

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Sensex, Nifty, stock market, BSE, NSE


Sensex, Nifty, stock market, BSE, NSE

Isn’t it puzzling that although economic and financial forecasts have a terrible record, the media publishes dozens of them at the beginning of the year on economic growth and how stock indices would fare at the end. Forecasting is a more formal and well-recorded business in the US, and so it provides great examples of forecasting follies. The consensus view in the US for 2023 was that the S&P 500 would fall; instead, it climbed 24.2 per cent, and the Nasdaq 100 soared over 50 per cent. The Chinese stock market was expected to rebound on post-Covid “reopening” but it

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

First Published: Dec 31 2023 | 9:24 PM IST


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