The book summarizes the important new thinking on financial market forecasting and on the statistical modelling of non-stationary series in a clear and readable manner. The first four chapters deal with forecasting economic and financial indicators. In addition there are separate chapters on the forecasting of economic growth, stock market indices, exchange rates and on the relationship between short and long term interest rates. The emphasis throughout is on real-life examples using data from a wide variety of countries and sources. Readers who have a basic familiarity with statistical analysis will use this book to learn through practical examples which pitfalls to avoid in economic and financial forecasting and how to construct a sensible forecasting model.