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About Us

FocusEconomics is a leading provider of economic analysis and forecasts for 130 countries in Africa, Asia, Europe and the Americas, as well as price forecasts for 34 key commodities. The company is supported by an extensive global network of analysts.

Since its launch in 1999, FocusEconomics has established a solid reputation as a reliable source for timely and accurate business intelligence among Clients from a variety of industries, including the world's major financial institutions, multinational companies and government agencies.  

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About the Consensus Forecast

Independent research has shown that individual forecasters are unlikely to consistently beat the market. While some forecasters may outperform their peers in one year, none beats the consensus year after year and certainly not across all economic indicators. That means that relying on a single source of economic intelligence is risky.

Find out more about the Consensus Forecast in one minute by watching this video. You can also learn more about how the Consensus Forecast works by reading this short post

In order to overcome the risks associated with single-source forecasts, FocusEconomics polls the world's leading economists for their macro-economic forecasts for 130 countries in Africa, Asia, Europe, the Middle East and the Americas.

Each month, we survey several hundred carefully selected economic experts from the leading banks, think tanks and consultancies to obtain their projections for the main economic indicators. The forecasts are corroborated and analyzed by our in-house team of economists and complemented with brief commentaries on the latest economic trends.

The individual forecasts from the expert panel and the Consensus Forecast (average) make up the core of our publications for Major Economies, the Euro Area, the NordicsEast and South Asia, ASEANSouth-Eastern Europe, Central & Eastern Europe, CIS CountriesLatin America, Central America, Middle East & North Africa and the Sub-Saharan Africa. In addition, FocusEconomics also highlights the minimum and maximum values for each indicator forecast, thereby providing you with useful landmarks for your analysis.

The table below shows a sample of the growth and inflation forecasts from the FocusEconomics Consensus Forecast for the Eurozone (data taken from the October 2016 survey).

Eurozone Real GDP (variation in %)


Individual Forecasts 2019 2020
ACRA Europe 1.1 1.5
Allianz 1.2 1.2
ANZ 1.1 1.7
Bankia 1.1 1.1
BayernLB 1.0 1.0
BBVA Research 1.1 1.2
Berenberg 1.1 0.9
Berliner Sparkasse 1.1 1.2
BMO Capital Markets 1.1 1.1
BNP Paribas 1.1 0.7
Capital Economics 1.0 0.8
CER 1.4 1.6
Citigroup Global Mkts 1.0 1.2
Commerzbank 1.0 0.7
Credit Agricole 1.2 1.2
Credit Suisse 1.1 1.4
Danske Bank 1.2 0.9
DBS Bank 1.2 1.5
DekaBank 1.0 0.8
DIW Berlin 1.0 1.2
DNB 1.0 0.5
DZ Bank 1.0 0.9
EIU 1.3 1.5
Emirates NBD 1.5 -
Euromonitor Int. 1.4 1.3
Fitch Ratings 1.2 1.3
Fitch Solutions 1.2 1.3
FUNCAS 1.0 1.1
Goldman Sachs 1.0 0.9
Gruppo MPS 1.1 1.0
HSBC 1.0 1.1
Ifo Institut 1.2 1.3
IHS 1.2 1.5
ING 1.1 0.7
Institute EIPF 1.1 1.4
Intesa Sanpaolo 1.1 1.3
JPMorgan 1.2 1.4
Julius Baer 1.1 1.2
KBC 1.1 1.1
Kiel Institute 1.2 1.2
La Caixa 1.0 1.1
Lloyds Bank 1.2 1.2
Macroeconomic Policy Institute 1.2 1.2
Moody's Analytics 1.2 1.3
Nomura 1.1 1.1
NORD/LB 1.1 1.1
Nordea 1.0 0.7
Novo Banco 1.1 1.5
OFCE 1.3 1.5
OP Financial Group 1.1 1.0
Oxford Economics 1.2 1.1
Pezco Economics 1.1 1.3
Piraeus Bank 1.2 1.5
Raiffeisen Research 1.1 0.5
ref. 1.0 1.2
Rexecode 1.1 1.0
Santander 1.1 1.1
S-Bank 1.0 1.0
Scope Ratings 1.1 1.2
Scotiabank 1.0 1.1
SEB 1.0 1.1
Société Générale 1.2 0.9
Standard Chartered 1.2 1.0
Swedbank 1.1 0.7
TD Economics 1.1 1.0
UBS 1.1 0.7
UniCredit 1.0 1.0
Zürcher Kantonalbank  1.1 1.0
Summary    
Minimum 1.0 0.5
Maximum 1.5 1.7
Median 1.1 1.1
Consensus 1.1 1.1
History    
30 days ago 1.1 1.2
60 days ago 1.1 1.3
90 days ago 1.2 1.3
Additional forecasts    
ECB (Sep. 2019) 1.1 1.2
IMF (July 2019) 1.3 1.6
European Commission (July 2019) 1.2 1.4

 

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