Blog | 03 Jul 2024

Oxford Economics ranks top in the FocusEconomics Analyst Forecast Awards 2024

Oxford Economics is proud to announce that we have once again been recognized as one of the top performers in this year’s FocusEconomics Analyst Forecast Awards, securing 42 first-place rankings and a total of 101 awards.

See full results here

The FocusEconomics Analyst Forecast Awards are yearly awards that recognize the most accurate economic forecasters for the six key macroeconomic indicators (GDP, Fiscal Balance, Inflation, Interest Rate, Exchange Rate and Current Account) in more than 100 countries and for 21 commodities.

Our consistent top-tier performance, year after year, underscores Oxford Economics’ reliability as the world’s foremost independent economic advisory firm.

Innes McFee, Managing Director of Macro and Investor Services, said, “The global economic landscape shifted significantly in 2023 as started to fall back and interest rates peaked and the outlook was buffeted by geopolitical risks. Despite these challenges, we continue to deliver high-quality economic insights and analysis, helping our clients unlock the power of economics to make better decisions. This award is a testament to the consistency and accuracy of our model-based approach to economic forecasting. Our methodology combines the on-the-ground expertise of our team of over 400 economists and analysts with the capabilities of our proprietary Global Economic Model.”

For more information on our awards, please visit:

An assessment from the World Bank Group

Commodity forecast accuracy

In its recent assessment, the World Bank Group concluded that beyond one year, Oxford Economics Model (the ‘OEM’) and CE forecasts produce more accurate forecasts for aluminium, copper and crude oil. For lead, nickel, tin and zinc prices, ‘the OEM forecast showing the lowest bias and forecast error for forecast horizons of 12 months or more’.

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