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Projections of economic data can be frustrating. It can often feel like everything makes sense — until a pandemic, or Bitcoin, or ChatGPT happens.
That said, while historical data may not be perfectly predictive of the future, it does provide useful perspective. We can see how things have changed recently, and get a sense of what it might be like if they were to change further in the future.
To prove the point, we’re taking a look at four data series and, rather than confidently state where they’re projected to land, contemplate what it might mean if things go up or down.
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