Economic Quote by Ben Bernanke
“Of course, economic forecasts must be revised when new information arrives and are thus necessarily provisional.”
About This Quote
Source Speech: Remarks on Economic Outlook, Federal Reserve, 2013
Economic predictions must adapt as fresh data emerges, making them inherently tentative.
In simple terms: Forecasts change with new data.
Update forecasts with new information.
Themes
Mood
Type
When to use this quote
- government budgeting
- business planning
- investment decisions
Key Concepts
Questions to Reflect On
- How do you balance confidence with uncertainty?
- What mechanisms ensure timely updates?
Provisional forecasts can cause market volatility.