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EKF macroeconomic consensus: forecasts, threats, opportunities and recommendations
Leszek Pawłowicz
https://orcid.org/0000-0003-2580-6708Marta Penczar
https://orcid.org/0000-0002-3564-1460Teresa Bednarczyk
https://orcid.org/0000-0002-9340-6864Abstract
The rapid pace of change in economic phenomena combined with the high volatility of financial markets and the growing importance of irrational behavioral factors, encourages a wider use of expert knowledge in macroeconomic forecasting. The aim of the article is to present the results of the fourth edition of the project Macroeconomic challenges and forecasts for Poland. The survey was conducted in the period November 8, 2019 – December 6, 2019. The article presents the prognostic consensus of experts cooperating with the European Financial Congress. In addition to classic macroeconomic forecasts for Poland, it contains threats to sustainable economic development and financial system stability, together with estimates of the subjective probability of implementation. Using the knowledge and competences of experts cooperating with EKF, recommended actions for economic policy were formulated, aimed at weakening the impact of identified threats in the future.
Keywords:
macroeconomic forecasts, macroeconomic challenges, financial stabilityJEL Codes
G17, G18, E20, E17Similar Articles
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