The Bank of Finland become the maximum correct financial forecaster closing yr

According to a contrast through the University of Jyväskylä, the charge of inflation surprised the financial forecasters.

Finland Last 12 months, the bank managed to are expecting the development of the economy most accurately.

Keskuspankki took the 5th victory inside the contrast of the University of Jyväskylä School of Economics, which has been carried out considering that 1998. The opposition looked at the common accuracy of predictions for the year 2022.

In the forecasts, GDP improvement was assessed quite nicely. Economic forecasters expected an average increase of two.6 percentage for ultimate year, even as the actual boom was 2.1 percentage. Inflation, however, came as a wonder.

“The inflation forecasts, then again, lagged badly behind the improved inflation in 2022: the average inflation forecasts predicted an inflation fee of best 1.8 percent, at the same time as the real inflation usually reached 7.1 percentage,” said the professor of economics Kari Heimonen inside the bulletin.

With there were ten studies institutes and banks inside the evaluation: the Finnish Institute for Economic Research, Labore, Pellervo’s financial studies, the Ministry of Finance, the Bank of Finland, OP Group, Nordea, Danske Bank, Handelsbanken and Hypo.

With its 5 wins, Suomen Pankki is the forecaster that has gained the assessment the most times.

Pellervo Taloustutkimus PTT and Nordea have accrued 4 wins. Danske Bank, OP Financial Group and Etla have 3 wins. The Ministry of Finance has obtained the financial forecaster award twice.