Being less than temperate with economic forecasts

ARTICLE - Letter published in London edition of the Financial Times on 5 October.

Sir, I was most impressed by the novel thoughts you expressed in your editorial "The value of IMF forecasts" (27 September), and found most useful your suggestion that the International Monetary Fund should have limited itself to saying that with the terrorists attacks the "economic outlook is somewhat more negative now and much more uncertain".

At the same time, I was relieved to find on the next page all the

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