Forecasting

Here is a BBC article describing how the the IMF's forecasts got the downturn all wrong. What I'm wondering is if they examined their forecasting models to see if they can be improved.

Somehow I doubt it. More likely everyone just threw up their hands and said "Oops, we goofed," and just continued with same assumptions as before. Economics isn't a scientific or technical field so there is no need to prove your ideas are correct. You only have to convince enough people to follow you. Sounds more like religion, actually,