NORD/LB Research honoured for high forecasting accuracy
- Thomson Reuters: Best forecasts of economic and financial indicators in the eurozone
NORD/LB Norddeutsche Landesbank’s two Euroland analysts, Dr. Jens Kramer und Christian Lips, have taken first place in the Thomson Reuters/StarMine ranking for the accuracy of economic forecasts for the Eurozone. The Thomson Reuters news agency surveyed the forecasts made by over 60 financial institutions of key economic and financial indicators. Having already taken fifth place for their 2015 forecasts, the NORD/LB economists came out as best forecasters worldwide in the ranking for 2016. They were followed in second place by the analysts at the London-based financial institution Market Securities, with the analysts at BHF Bank coming in third.
The prestigious Thomson Reuters news agency regularly publishes the forecasts made by economists and bank analysts of key economic and financial data. These forecasts are frequently to be found as “market expectations” in media coverage, including, for example, the monthly and quarterly data publications on industrial output, GDP or inflation rates. Thomson Reuters checks the accuracy of these forecasts once annually and draws up a ranking of the best ones.
Article by Thomson Reuters (external):
A report by Thomson Reuters which includes a current assessment by the two NORD/LB analysts of the ECB’s monetary policy can be found >here.
You will find the overall rankings >here.
With total assets of EUR 178 billion, NORD/LB is among Germany's leading commercial banks. Its core business fields include structured financing in the energy and infrastructure sectors, ship and aircraft financing, corporate banking, commercial real estate financing, capital market business and the servicing of private and corporate customers. The bank is headquartered in Hanover, Braunschweig and Magdeburg, with branch operations in Düsseldorf, Hamburg, Munich, Schwerin and Stuttgart. The Group subsidiaries include Bremer Landesbank and Deutsche Hypo. NORD/LB is represented outside of Germany by a mortgage bond bank (NORD/LB Covered Bond Bank) in Luxembourg and branches in London, New York, Singapore and Shanghai.
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