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Home / Business / Focuseconomics – 2016 Analyst Forecast Awards

 

FocusEconomics_AnalystAwards_506x387Barcelona, Spain – 11 May 2016 – FocusEconomics is pleased to announce the winners of the 2016 Analyst

Forecast Awards. The Awards recognize the most accurate forecasters for the main macroeconomic

indicators across 87 countries worldwide in 2015. Details of the awards and the list of winners are available

at: www.focus-economics.com/awards.

To identify the top economic forecasters, FocusEconomics assessed the accuracy of the forecasts

submitted by over 350 institutions to its Consensus Forecast survey over the course of 24 months. Among

the winning institutions are the world’s most renowned international banks and economic research firms

such as BMI Research, Capital Economics, Citigroup Global Markets, Deutsche Bank, JPMorgan and Oxford

Economics.focus awards

BMI Research and Oxford Economics topped the list with 23 awards each for ranking in first place for the 6

main indicators in various countries. FocusEconomics warmly congratulates the winning analysts for their

high-quality research and for having provided the most accurate forecasts.

“The Analyst Forecast Awards demonstrate the outstanding work of the economic analysts on our panel. We

are pleased to recognize the accuracy of the forecasts and the value of economic research provided by the

institutions participating in our Consensus Forecast,” says Arne Pohlman, Chief Economist at

FocusEconomics.

FocusEconomics surveys over 900 economic experts from national and international banks, top financial

institutions and economic research companies every month to obtain their projections for the main

economic indicators and elaborate the Consensus Forecast, which is the average of all individual forecasts.

Awards Methodology

To identify the best forecasters, we analyzed the forecasts submitted to our monthly survey over the course

of 24 months*. The model ranks forecasters according to the average of their discounted absolute errors.

Errors are defined as the absolute difference between an individual forecast and the 2015 result of the

macroeconomic indicator taken into consideration.

To be considered for the award, the panelist must have submitted a minimum number of forecasts over the

course of the period. We calculate forecast accuracy rankings for six main macroeconomic indicators (GDP,

Fiscal Balance, Inflation, Interest Rate, Exchange Rate and Current Account) in 87 countries.

In addition to giving awards for each specific macroeconomic indicator mentioned above, we also provide

an overall ranking of the forecasts for the country, which is estimated by calculating the average ranking

across all the indicators.

 

About FocusEconomics: FocusEconomics is a leading provider of economic analysis and forecasts for 127 countries in Asia, Europe, Africa and the Americas, as well as price forecasts for 33 key commodities. Each month, FocusEconomics surveys over 900 economic experts from national and international banks, top financial institutions and economic research companies to obtain their projections for the main economic indicators and elaborate the Consensus Forecast, which is the average of all individual forecasts. FocusEconomics has established a solid reputation among the most renowned financial institutions, multinational companies, consulting firms and government agencies as a reliable source for timely and accurate business intelligence. Further information is available at www.focus-economics.com.
 

About the author: admin

 

Oxford based journalist and consultant, who writes about business, especially the global energy business including exploration. Also editor Oxfordprospect.co.uk. Writes about a variety of topics including production, power generation including renewables, innovation, investment, markets, technology, regulation, leadership, policy making and management.

 

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