Economic forecasting under macroeconomic uncertainty
​The Brexit vote has created a significant amount of macroeconomic uncertainty. The full effects of the uncertain landscape are just beginning. This research paper seeks to: (i) Provide an understanding of macroeconomic uncertainty; (ii) evaluate why it is important in Economics; (iii) examine how uncertainty affects important indicators such as the real GDP growth rate and the inflation rate and; (iv) provide a forecast for these important indicators. Since the Brexit vote, the economic landscape remains uncertain with businesses living under the umbrella of ‘uncertain times’, thus the measurement of economic indicators under uncertainty becomes ever more important.
The OIER is an organisation of collaborative experts specialising in the measurement of economic uncertainty and economic risk in order to provide investors and businesses with a clearer picture of key economic indicators such as demand, supply and inflation outlook as well as industry investment outlook. The OIER aims to guide businesses through periods of economic uncertainty, and by scientifically measuring uncertainty, we fill the gap between unknown information (uncertainty) and known information. We also provide extensive research in order to understand the economic implications of Brexit, also via scientific analysis rather than research based on opinions and general views.
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