US Fed Forecasts

Organisations that forecast things are not often inclined to go back and review their forecasts against the actual results. So that makes today’s post from the Wall Street Journal fascinating. They reviewed the Federal Reserve’s forecasts for US GDP growth against the actual growth. And it turns out the Fed consistently overestimated US growth.

US Federal Reserve Forecasts
US Federal Reserve Forecasts

From a design standpoint, what makes this piece interesting is how they presented the range of forecasts. After all, it would otherwise become a plot of squiggly spaghetti lines. Instead, they used colour to group each projection set. A smart idea. Plus a nice literary allusion. I mean if you like Dickens.

Credit for the piece goes to the Wall Street Journal graphics department.

Author: Brendan Barry

I am a graphic designer who focuses on information design. My day job? I am the data visualisation manager for the Federal Reserve Bank of Philadelphia. (This blog is my something I do on my own time and does not represent the views of the Fed, blah blah blah legal stuff.) And with my main interest in information design—be it in the shape of clear charts, maps, diagrams, or wayfinding systems—I am fortunate that my day job focuses on data visualisation. Outside of work, I try to stay busy with personal design work. Away from the world of design, I enjoy cooking and reading and am interested in various subjects from history and geography to politics to science to the arts. And I allow all of them to influence my work.

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