KUALA LUMPUR, Jan 19 – RHB Investment Bank’s wholly-owned unit, OSK-DMG Singapore’s Chief Economist Thomas Lam has been ranked the fourth most accurate economist worldwide in forecasting the US economy in 2014. The “Bloomberg Ranking of Top Economic Forecasters” said Lam was among the 74 economists who had submitted forecast over the last two years for a total of 14 US economic indicators.
The indicators encompassed durable goods orders, existing home sales, consumer price index, housing starts, industrial production, ISM manufacturing and non-manufacturing, new home sales, non-farm payrolls, personal spending, personal income, retail sales, gross domestic product and unemployment rate.
“He has been consistently acknowledged as one of the top forecaster for the US economy. He was previously rated as the second best US economist by Bloomberg in 2008 and 2009,” RHB said in a statement. Last year, Lam was ranked among the top five most accurate US economic forecaster in the world.