Capital Economics has been named UK Economics Forecaster of the Year by the Sunday Times. It is the third time that Capital Economics has received the award, which is the most prestigious for UK economic forecasters. Capital Economics topped a table of 30 forecasters for accuracy, based on 2022 forecasts for variables including GDP growth, inflation, Bank Rate and unemployment, made over December 2021 and January 2022. The team was named most accurate in part because of its understanding that inflation would rise further than most expected, requiring a tougher Bank of England response than other forecasters anticipated.
