No. I think anybody who spends many years in forecasting, as some of us at the front of the table have done, knows that we're all going to be wrong. I think we learned our lessons in the 1980s and 1990s. A lot of economists learned lessons in the last five years about projections, and we're seeing significant changes in the forecasts of all these agencies. All the private sector forecasts—IMF, OECD, even the Bank of Canada—are significantly lowering their forecasts.
On November 2nd, 2011. See this statement in context.