Analysts of Raiffeisen Bank Aval and Raiffeisen Research received an award from Consensus Economics for the accuracy of economic forecasts in 2015

Kiev. June 10. - On June 1, in London, the world's leading organisation for economic forecasting, Consensus Economics, announced the names of expert analysts who received the prestigious 2015 forecast accuracy Award (FAA).

Sergey Drobot, an analyst at Raiffeisen Bank Aval, and Andreas Schwabe, an expert in the research and analysis division of the Raiffeisen Raiffeisen Research Group, received the FAA award for the best GDP and inflation forecast for Ukraine in 2015 from Consensus Economics.

The FAA program evaluates the achievements of a select group of economic forecasting experts from different countries who most accurately forecast GDP growth and consumer price inflation for their target economies during the 24-month forecast cycle.

The winners of the FAA program from year to year are different experts-analysts on variable criteria, depending on the ongoing economic shocks, unexpected turns in the development of the economy, as well as cyclical and structural adjustments. However, the winners of the FAA 2015 program were awarded for the high quality of their research, the consistency of their forecasts and the ability to accurately determine the trends and levels of key indicators over the past two years.  

Consensus Economics estimates forecasts from over 700 economists worldwide on a monthly basis.  The organization was founded in 1989 to assess consensus forecasts, which are considered as reference macroeconomic forecasts by investment and planning managers, as well as by public sector institutions, who find the organization's data useful, timely and accurate.

http://www.consensuseconomics.com/Accuracy_Awards/Forecast_Accuracy_Awards_Eastern_Europe_2015.html