UK Forecast Accuracy Award 2018 goes to Experian

May 9, 2019 by Tom Blacksell

It gives me great pleasure to announce that Experian has won the Consensus Economics Forecast Accuracy Award 2018 for the UK.

Our UK Economics Team was recognised for their high-quality research, their commitment to regular forecasts and their ability to identify most accurately the trends and levels of key indicators over the 24-month forecasting cycle.

The Forecast Accuracy Award program recognises the achievements of a select group of expert country economic forecasters who have most accurately predicted the performance of GDP growth and Consumer Price Inflation for their targeted economies over a 24-month forecasting cycle. Experian were the most accurate UK forecaster out of pool of 36 organisations.

Mohammed Chaudhri, Head of UK Macro Forecasting, said: “We’re thrilled to win this award. We spent a lot of time analysing the UK economy following the referendum vote in 2016 and, at the time, many forecasters were expecting an immediate recession. However, we felt that the UK economy would prove more resilient in the coming years. We are pleased that our forecast for 2018 was so close to the actual development.” 

The award underlines the wealth of knowledge across the UK Economics Team, with over 30 years of macro-economic forecasting experience to their name. The accuracy of our economic forecasts is a real benefit when understanding how the UK economy will impact businesses in the future. By embedding our forecasts into the decision-making process organisations can embrace the opportunities presented by an ever-changing economics landscape.

I’d like to congratulate Mohammed and his team on a well-deserved award win, along with all the other winners from across the globe. To find out more, click here.