BMI Recognized as Leading Economic Forecaster by FocusEconomics
On June 6, 2023, in a significant acknowledgment of forecasting prowess, BMI, a Fitch Solutions Company, was celebrated as one of the globe’s most precise economic forecasters. Achieving more Top 3 placements than any other research provider in the annual FocusEconomics Analyst Forecast Awards, BMI has solidified its reputation in the realm of economic predictions.
Celebrating Analytical Excellence
The FocusEconomics Analyst Forecast Awards, held annually, shine a spotlight on the most accurate economic forecasters across key macroeconomic indicators in 100 different countries. Among a competitive field of 350 institutions and over 1,500 of the world’s sharpest economists, BMI’s Country Risk team stood out by winning Top 3 accolades across a staggering 137 economic indicators. This impressive feat signifies BMI’s extensive expertise in analyzing political and economic risks, especially within emerging and frontier markets.
Award Categories and Forecasting Reach
The awards cover various critical economic categories, including GDP, Inflation, Exchange Rates, Fiscal Balance, and Current Account metrics, as well as an overall market forecast. BMI’s achievements reflect not only its commitment to precision but also the diverse markets it covers, from the dynamic economies of Bolivia and Egypt to the growth potential in Pakistan and Vietnam. First-place rankings in 39 indicators laid the groundwork for BMI’s recognition, providing clients with vital insights into global economic trends.
A Strong Showing for Fitch Group
The accolades didn’t stop with BMI. Collectively, Fitch Group, which includes BMI and Fitch Ratings, outperformed all other forecasting entities. Fitch Ratings analysts secured Top 3 awards for 70 indicators, earning the title of most accurate forecasters for 20 indicators, including a top accolade for the overall forecast for China. This dual success reinforces the strength and analytical capabilities of Fitch Group as a whole, enhancing the credibility and reliability of their economic insights.
Insights from BMI Leadership
Luciano Dolgetta, Head of BMI, articulated the significance of this recognition:
“BMI’s success in the annual FocusEconomics Awards is testament to the quality of our research team, their dedication to excellence, and their deep economic expertise. Our customers rely on our forecasts to help them identify opportunities and navigate risk, and we are proud of the role we play as we head towards our 40th anniversary in 2024.”
Dolgetta’s words reflect a commitment to delivering quality and actionable insights to clients, emphasizing the importance of reliability in the economic forecasting landscape.
The Essence of BMI’s Approach
In an unpredictable macroeconomic environment, BMI’s structured, independent, and data-driven insights empower clients to recognize and assess risk factors and opportunities across more than 200 markets and 20 industries. As it approaches its milestone 40th anniversary in 2024, BMI’s reputation for impartial and transparent analytics continues to be a cornerstone of its identity.
Frequent and systematic intelligence provided by BMI enables clients to make thorough comparisons and interrogate data. This level of detail not only facilitates strategic planning but also enhances investment decision-making processes, fortifying stakeholders’ confidence in their economic strategies.
About Fitch Solutions
Fitch Solutions serves as a paramount provider of insights, data, and analytics. By informing investment strategies and bolstering risk management capabilities, it aids clients in pinpointing strategic opportunities across the financial landscape. With a team of analysts, economists, journalists, and legal experts, Fitch Solutions delivers comprehensive views on credit markets, ESG, and both developed and emerging markets.
Fitch Group, of which Fitch Solutions is an integral part, is a global leader in financial information services, operating in over 30 countries and offering invaluable resources to stakeholders in various industries. The backing of giants like Hearst highlights Fitch’s standing in the financial ecosystem, ensuring that clients have access to top-tier analytics and insights.
For those looking to navigate the complexities of today’s financial environment, BMI’s recent accolades underscore the firm’s dedication to excellence and the value it can provide in an era marked by uncertainty and rapid change.