In a January 2, 2015 article, The Wall Street Journal observed: “Looking back at the projections made in January 2014 in The Wall Street Journal’s monthly survey of economists, the picture isn’t pretty: Most economists expected far higher oil prices, firmer inflation, a worse jobless rate, and higher interest rates than the year actually delivered…Economic projections are a difficult guessing game based on complex computer models, instinct and a lot of luck. It isn’t called the dismal science for nothing.”

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