Press Release

Fitch Group Scoops 94 FocusEconomics Awards In 2020

FocusEconomics, a global provider of economic analysis and commodity price forecasts, has named Fitch Group among its list of most accurate economic forecasters globally. Fitch Group, which includes Fitch Ratings and Fitch Solutions, scooped a total of 94 accolades, placing it as one of the top 3 economic forecasters worldwide, according to FocusEconomics.

Each year theFocus Economics Analyst Forecast Awardsrecognizes the top three economic forecasters by accuracy, for the main macroeconomic indicators across 80+ countries. A total of 350 institutions and 1000+ economists submit their forecasts to FocusEconomics each month.

The Fitch Solutions Country Risk and Industry Research team, led by Nick Morgan, was cited widely as a Top 3 forecaster, winning 89 awards for numerous indicators across dozens of countries. FocusEconomics’ awards categories included best overall market forecast, GDP, Inflation, Exchange Rate, Fiscal Balance and Current Account.

Fitch Ratings was named a top 3 forecaster for Brazil (inflation), Japan, (GDP), Korea (exchange rate), Mexico (interest rate) and South Africa (exchange rate).

Fitch Solutions Country Risk and Industry Research, which achieved a number of first places, built on the team’s comprehensive coverage of more than 200 economies - ranging from Luxembourg to Guatemala. The strong results across all geographies also reflected the Country Risk team’s emerging and frontier market focus.

The team also grabbed a string of top 3 places for its commodity price forecasts. It was a Top 3 forecaster globally for coal prices and scored consistently highly across agricultural commodities such as corn, sugar and wheat.

Nick Morgan, Managing Director, Country and Industry Research, Fitch Solutions said:

"These awards are testament to the consistency and the quality of our macroeconomic and commodities forecasts. They are a great demonstration of the credibility and the value we can bring to our clients at a time when accurate forecasts are needed more than ever."

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