On May 26th FocusEconomics announced the winners of Analyst Forecast Awards. Oxford Economics topped the APAC region by winning 28 awards.
Some of the highlights include
#1 Hong Kong SAR overall forecast (economist: Tommy Wu)
#1 Vietnam overall forecast (economist: Sian Fenner)
#1 Philippines overall forecast (economist: Makoto Tsuchiya)
#2 China overall forecast (economist: Tommy Wu)
Louis Kuijs, Head of Asian Economics at Oxford Economics says: “In 2020 Covid-19 hit the global economy badly and brought enormous challenges to our forecasting work. In such a rapidly changing environment businesses need accurate macro-economic analysis more than ever. We are glad that our work over the past year has been recognised. And we will continue to practice professionalism and provide in-depth analysis and forecasts, thus supporting our clients as they navigate through uncertainty and complexity and laying a solid foundation for decision-making.”
The FocusEconomics Analyst Forecast Awards are yearly awards that recognise the most accurate economic forecasters for the six key macroeconomic indicators (GDP, Fiscal Balance, Inflation, Interest Rate, Exchange Rate and Current Account) in 89 countries and for 22 commodities. To identify the best forecasters, FocusEconomics analyses forecasts submitted to their monthly survey over the course of 22 months and ranks forecasters according to the average of their forecast errors. Globally, Oxford Economics won 100 awards this year and has been ranked top in the Award over the past two years combined.