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Forecasting is a mug’s game – but I was right about the economic revival

Plus: A golden generation of British car executives, sympathy for Tony O’Reilly, and good news amid Tesco’s woes

26 July 2014

9:00 AM

26 July 2014

9:00 AM

‘Perhaps I should shift my prediction to 23 July 2014,’ I wrote in April 2012. ‘That’s the opening of the Commonwealth Games in Glasgow, and we must all start thinking positively about it.’ I was talking about the moment when the nation would at last shake off its economic gloom, which I had previously pinned to the opening of the London Olympics.

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