Fitch named one of world’s most accurate economic forecasters

Fitch Ratings achieved a raft of awards for its forecasts for markets as diverse as Azerbaijan, Bolivia, Indonesia, Korea, Poland and Qatar – with analysts making the most accurate forecasts for a host of countries and indicators, including GDP growth, inflation and exchange rates, Report informs.

Awards categories for forecasts made over 2021 include GDP, Inflation, Exchange Rate, Fiscal Balance, Current Account and best Overall market forecast, as well as forecasts for commodity prices.

Nick Morgan, Head of Country Risk Intelligence at Fitch Solutions, said:

“This tremendous performance in the FocusEconomics awards is further evidence of the quality of our economic forecasting across both Fitch Solutions and Fitch Ratings. The result underscores our Group’s combined strength and the high calibre of the people making those forecasts.’’

Fitch Group has confirmed its status as one of the world’s most accurate economic forecasters – scooping a total of 181 accolades for Fitch Solutions and Fitch Ratings in the annual FocusEconomics 2022 Analyst Forecast Awards.

Each year the Awards recognise the top three economic forecasters by accuracy for a host of individual economic indicators across 100 countries. Awards categories for forecasts made over 2021 include GDP, Inflation, Exchange Rate, Fiscal Balance, Current Account and best Overall market forecast, as well as forecasts for commodity prices. A total of 350 institutions and 1,500+ economists submit their forecasts to FocusEconomics each month.

Combined, Fitch Solutions and Fitch Ratings won more awards than any other forecaster – with the Fitch Solutions Country Risk and Industry Research team scooping Top 3 forecaster awards for 116 markets and Fitch Ratings’ analysts picking up Top 3 forecaster awards for 65 markets.