Economics team named No. 1 global economic forecaster
Dec 06, 2012
Highlighting its leadership in economic forecasts, J.P. Morgan’s economics team was recognized this week as the number one global economic forecaster by Bloomberg Markets magazine. The ranking is based on predictions by almost 400 forecasters covering 11 countries, plus the euro zone, and examines the work of 71 forecasters during the two years ending Sept. 30.
Forecasters are measured for the accuracy of their economic forecasts across 13 categories, including gross domestic product, unemployment, consumer and producer price indexes, home sales, industrial production and personal spending. The euro-zone ranking measures nine categories, including GDP, inflation, unemployment, consumer sentiment and industrial production. In the competition for the top forecasting firm, banks and research companies were ranked if they had made predictions for the U.S. and at least four other countries.
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