Swiss Re Americas Chief Economist recognized for forecasting accuracy

Swiss Re Americas Chief Economist, Kurt Karl, has been recognized for his economic forecasting accuracy. The Wall Street Journal ranked Dr. Karl second out of 50 leading economists surveyed for their predictions for the 12-month period from 4Q 2008 – 4Q 2009. This latest affirmation follows similar acclaim from Bloomberg News, who named Karl 3rd best of the 65 leading US forecasters for a 12 month period ending in June 2009.

Kurt Karl’s 2009 economic forecast ranks number two out of those presented by 50 top-ranking  economists, according to The Wall Street Journal. Karl’s forecast for GDP, the broadest measure of the value of goods and services produced by the economy, helped earn his high ranking.

The Wall Street Journal survey used the following criteria to rank the economists:

  • Estimates for GDP growth from the fourth quarter of 2008 to the fourth quarter of 2009
  • Inflation estimates, as measured by the price index for personal consumption expenditures including and excluding food and energy prices
  • Estimates for the fourth-quarter average unemployment rate
  • Year-end forecast for the Fed's target rate

Swiss Re uses the forecasts provided by Dr. Karl and others in its Economic Research and Consulting group to inform its decisions on the composition and duration of the company’s investment portfolio.

Recently, Bloomberg News ranked Dr. Karl 3rd best out of 65 leading economic forecasters and noted him as the best forecaster for the consumer price index (CPI) and the federal funds target rate for the period surveyed. 

Swiss Re congratulates Dr. Karl on this recognition and for his valued expertise.

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