Economics Benchmarks 2023 – executive summary

Data reveals trends in AI adoption, plus details of governance, research and forecasting

Central bank economics departments continue to face enormous challenges. The immediate shocks from the pandemic and Russia’s invasion of Ukraine may have passed, but central banks must now navigate the turbulent aftermath. As economies begin to return to a semblance of normality, uncertainty remains high.

Benchmarking data shows inflation forecast errors have fallen, after forecasts went off target during the 2022 spike in inflation. Indeed, central banks say they have prioritised work on

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