Our annual Forecast evaluation report (FER), usually published each autumn, examines how our forecasts compare to subsequent outturn data and identifies lessons for future forecasts. In this FER we focused on how our March 2018 and March 2019 economy and fiscal forecasts for 2019-20 fared against the outturns.
This Forecast evaluation report is much less detailed than usual as the task of analysing and explaining the impact on the economy and public finances of the coronavirus and the numerous associated government policy announcements, as well as the outcome of the EU exit negotiations, limited the resources we had to focus on forecast evaluation this year.