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The Guardian - AU
The Guardian - AU
Business
Peter Hannam

Labor’s intergenerational report will be released this week. But just how reliable will it be?

Anthony Albanese and Jim Chalmers
The prime minister, Anthony Albanese, and the treasurer, Jim Chalmers. The Australian government is preparing to release the sixth intergenerational report. Photograph: Mick Tsikas/AAP

The Australian government is preparing to release the sixth iteration of the intergenerational report (IGR) this week, which will include forecasts about the economy and budget over the next 40 years.

But what are the pitfalls or potential utility of making projections over that timeframe? We take a look.

How useful are forecasts?

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