MONTREAL, April 27,
2022 /CNW Telbec/ - National Bank of
Canada's Economics and Strategy
Group has been named the most accurate forecaster in Canada for 2021 by the Consensus Economics
firm. This recognition is based on the annual Forecast Accuracy
Award (FAA) calculation carried out by Consensus Economics for
countries in the G7 and Western
Europe. 2021 FAA winners have been recognized for their
high-quality research, their commitment to regular forecasts and
their ability to identify most accurately the trends and levels of
key indicators over the 24-month forecasting cycle.
"This recognition from Consensus Economics is a testament to the
team's hard work and focus on rigour and critical thinking. We're
committed to developing economic projections that are grounded in
the reality of our clients' business plans and that take into
account as much as possible the economic, political and social
changes taking place in the world," said Stéfane Marion, Chief
Economist and Strategist at National Bank of Canada.
Over the coming months, the Economics and Strategy Group expects
the Bank of Canada to continue to
normalize interest rates in response to the country's tight labour
market and the impact of the Chinese government's zero-COVID policy
on supply chains, which will continue to exert upward pressure on
inflation. Although GDP growth is expected to decelerate over the
upcoming quarters, Canada remains
well-positioned to deal with the uncertain geopolitical context
thanks to its economic structure.
Related links:
- Press release from Consensus Economics
- Economic analysis from the Economics and Strategy Group
About National Bank of Canada
With
$367 billion in assets as at January
31, 2022, National Bank of Canada, together with its subsidiaries, forms
one of Canada's leading integrated
financial groups. It has more than 27,000 employees in
knowledge-intensive positions and has been recognized numerous
times as a top employer and for its commitment to diversity. Its
securities are listed on the Toronto Stock Exchange (TSX:
NA). Follow the Bank's activities at nbc.ca or via social
media such as Facebook, LinkedIn, and Twitter.
SOURCE National Bank of Canada