ASEAN Region Award Winners
The FocusEconomics 10th Anniversary Analyst Forecast Awards celebrate a decade of recognizing the world’s most accurate economic forecasters. Below are the top three ranked forecasters for each indicator across the ASEAN region, covering 6 countries.
GDP
| Country | 1st Place | 2nd Place | 3rd Place |
|---|---|---|---|
| Indonesia |
Bank Permata
Josua Pardede
|
Mandiri Group
Research Team
|
BBVA Research
Betty Huang Yurong
|
| Malaysia |
Capital Economics
Asia Economics Team
|
Maybank Investment Banking Group
Research Team
|
KAF Research
Vincent Loo
|
| Philippines |
Pantheon Macroeconomics
Miguel Chanco
|
JPMorgan
Jin Tik Ngai
|
DBS Bank
Radhika RAO
|
| Singapore |
Fitch Ratings
Kathleen Chen, Thomas Rookmaaker
|
Oxford Economics
Sheana Yue
|
Kiel Institute
Research Team
|
| Thailand |
Pantheon Macroeconomics
Miguel Chanco
|
Goldman Sachs
Goldman Sachs Research Team
|
Maybank Investment Banking Group
Erica Tay
|
| Vietnam |
BMI, a FitchSolutions Company
BMI Research Team
|
Capital Economics
Asia Economics Team
|
DBS Bank
CHUA Han Teng
|
6 countries
Inflation
| Country | 1st Place | 2nd Place | 3rd Place | |
|---|---|---|---|---|
| Indonesia |
Pantheon Macroeconomics
Miguel Chanco
|
BMI, a FitchSolutions Company
BMI Research Team
|
Julius Baer
David Kohl
|
|
| Malaysia |
DekaBank
Research Team
|
Capital Economics
Asia Economics Team
|
BMI, a FitchSolutions Company
BMI Research Team
|
|
| Philippines |
Pantheon Macroeconomics
Miguel Chanco
|
Goldman Sachs
Goldman Sachs Research Team
|
Nomura
|
|
| Singapore |
Goldman Sachs
Goldman Sachs Research Team
|
Oxford Economics
Sheana Yue
|
Julius Baer
David Kohl
|
|
| Thailand |
Nomura
|
Goldman Sachs
Goldman Sachs Research Team
|
Pantheon Macroeconomics
Miguel Chanco
|
|
| Vietnam |
Euromonitor International
Economies & Consumers Team
|
Credit Agricole
Research Team
|
Maybank Investment Banking Group
Brian Lee Shun Rong
|
6 countries
Current Account
| Country | 1st Place | 2nd Place | 3rd Place |
|---|---|---|---|
| Indonesia |
Euromonitor International
Economies & Consumers Team
|
Moody’s Analytics
Jeemin Bang
|
EIU
Qi Hang Tay
|
| Malaysia |
Maybank Investment Banking Group
Research Team
|
Kenanga Investment Bank
Afiq Asyraf Syazwan
|
United Overseas Bank
Research Team
|
| Philippines |
Moody’s Analytics
Sarah Tan
|
Goldman Sachs
Goldman Sachs Research Team
|
Philippine Equity Partners
Jojo Gonzales
|
| Singapore |
CGS International
Afham Zulghafir
|
Credit Agricole
Research Team
|
Maybank Investment Banking Group
C. Hak Bin, B. Lee Shun Rong
|
| Thailand |
ANZ
ANZ Research
|
HSBC
Aris Dacanay
|
Citigroup Global Mkts
Wei Zheng Kit
|
| Vietnam |
HSBC
Yun Liu
|
Credit Agricole
Research Team
|
Euromonitor International
Economies & Consumers Team
|
6 countries
Fiscal Balance
| Country | 1st Place | 2nd Place | 3rd Place | |
|---|---|---|---|---|
| Indonesia |
HSBC
Pranjul Bhandari
|
Maybank Investment Banking Group
Brian Lee Shun Rong
|
Nomura
|
|
| Malaysia |
RAM Ratings
Khai Jhek Woon, Nadia Mazlan
|
United Overseas Bank
Research Team
|
UBS
Grace-K Lim
|
|
| Philippines |
Pantheon Macroeconomics
Miguel Chanco
|
Nomura
|
EIU
Alex Holmes
|
|
| Singapore |
Goldman Sachs
Goldman Sachs Research Team
|
United Overseas Bank
Research Team
|
ANZ
ANZ Research
|
|
| Thailand |
Capital Economics
Asia Economics Team
|
Pantheon Macroeconomics
Miguel Chanco
|
BMI, a FitchSolutions Company
BMI Research Team
|
5 countries
Exchange Rate
| Country | 1st Place | 2nd Place | 3rd Place | |
|---|---|---|---|---|
| Indonesia |
PT Bank Central Asia
BCA Economic Research
|
Oxford Economics
Adam Samdin
|
MAPFRE Economics
Research Team
|
|
| Malaysia |
Kenanga Investment Bank
Afiq Asyraf Syazwan
|
Maybank Investment Banking Group
Research Team
|
MARC Ratings Berhad
Economics Research Department
|
|
| Philippines |
Fitch Ratings
Jeremy Zook, Thomas Rookmaaker
|
Pantheon Macroeconomics
Miguel Chanco
|
BMI, a FitchSolutions Company
BMI Research Team
|
|
| Singapore |
CGS International
Afham Zulghafir
|
UBS
Grace-K Lim
|
ING
Research Team
|
|
| Thailand |
DBS Bank
Philip WEE
|
Maybank Investment Banking Group
Alan Lau
|
Fitch Ratings
Thomas Rookmaaker, George Xu
|
|
| Vietnam |
HSBC
|
Citigroup Global Mkts
Helmi Arman
|
Pantheon Macroeconomics
Miguel Chanco
|
6 countries
Interest Rate
| Country | 1st Place | 2nd Place | 3rd Place |
|---|---|---|---|
| Indonesia |
Pantheon Macroeconomics
Miguel Chanco
|
Capital Economics
Asia Economics Team
|
HSBC
Pranjul Bhandari
|
| Malaysia |
S&P Global Ratings
Research Team
|
HSBC
Yun Liu
|
Standard Chartered
Lee Wee-Kok
|
| Philippines |
Capital Economics
Asia Economics Team
|
Standard Chartered
Lee Wee-Kok
|
Citigroup Global Mkts
Helmi Arman, Wei Zheng Kit
|
| Thailand |
Capital Economics
Asia Economics Team
|
Credit Agricole
Research Team
|
BMI, a FitchSolutions Company
BMI Research Team
|
| Vietnam |
BMI, a FitchSolutions Company
BMI Research Team
Goldman Sachs
Goldman Sachs Research Team
|
— |
Credit Agricole
Research Team
|
5 countries
Unemployment
| Country | 1st Place | 2nd Place | 3rd Place |
|---|---|---|---|
| Malaysia |
Kenanga Investment Bank
Muhammad Saifuddin
|
RAM Ratings
Khai Jhek Woon
|
KAF Research
Vincent Loo
|
| Philippines |
S&P Global Ratings
Vincent Conti
|
Oxford Economics
Jun Hao Ng
|
Euromonitor International
Economies & Consumers Team
|
| Singapore |
Fitch Ratings
Kathleen Chen, Thomas Rookmaaker
|
Citigroup Global Mkts
Wei Zheng Kit
|
Oxford Economics
Sheana Yue
|
| Thailand |
EIU
Syetarn Hansakul
|
Fitch Ratings
Thomas Rookmaaker, George Xu
|
CGS International
Gun Hathaisattha
|
| Vietnam |
Fitch Ratings
George Xu, Thomas Rookmaaker
|
Maybank Investment Banking Group
Brian Lee Shun Rong
|
Oxford Economics
Adam Samdin
|
5 countries
Overall
| Country | 1st Place | 2nd Place | 3rd Place | |
|---|---|---|---|---|
| Indonesia |
Pantheon Macroeconomics
Miguel Chanco
|
Capital Economics
Asia Economics Team
|
PT Bank Central Asia
BCA Economic Research
|
|
| Malaysia |
Capital Economics
Asia Economics Team
|
Citigroup Global Mkts
Wei Zheng Kit
|
S&P Global Ratings
Research Team
Maybank Investment Banking Group
Research Team
|
|
| Philippines |
Pantheon Macroeconomics
Miguel Chanco
|
Capital Economics
Asia Economics Team
|
Citigroup Global Mkts
Helmi Arman, Wei Zheng Kit
|
|
| Singapore |
Oxford Economics
Sheana Yue
|
Julius Baer
David Kohl
|
UBS
Grace-K Lim
|
|
| Thailand |
Nomura
|
Pantheon Macroeconomics
Miguel Chanco
|
Capital Economics
Asia Economics Team
|
|
| Vietnam |
DBS Bank
CHUA Han Teng
|
BMI, a FitchSolutions Company
BMI Research Team
|
Citigroup Global Mkts
Helmi Arman
|
6 countries
Rankings determined by FocusEconomics’ proprietary accuracy methodology. Where two forecasters achieved equal accuracy, both are listed at the same rank.