Published on 03 Jun 2022.
RAM Ratings is pleased to announce it has been recognised at the FocusEconomics Analyst Forecast Awards 2022. Woon Khai Jhek, RAM's senior economist and co-head of the economic research team, came in third for accurately forecasting the Malaysian inflation rate in 2021.
“We thank FocusEconomics for this recognition, which highlights the outstanding achievement of Khai Jhek and the entire Economic Research team. Our forecasts are underpinned by a comprehensive inflation model and having a keen sense of the market. This gives clients the tools needed to prepare for fast-changing developments in the economy,” said Awang Za'aba Awang Mahmud, CEO of RAM Rating Services Bhd.
The awards acknowledge the most accurate forecasters for key macroeconomic indicators across 100 countries and 19 commodity prices each year. FocusEconomics identified top economic forecasters by assessing accuracy of the forecasts submitted by over 350 institutions to its Consensus Forecast survey over a period of 22 months. Among the winners every year are some of the world’s most renowned forecasting firms and banks.
Apart from this award, Khai Jhek has also consistently ranked highly in Reuters Polls for most accurate forecasting across a number of Malaysian economic indicators. In May 2022, Khai Jhek was ranked #1 forecaster for Consumer Price Index, #1 forecaster for Imports and #2 forecaster for Exports.
Reuters Polls are regular surveys of expert opinion, offering views from top forecasters at a specific point in time. The Polls are widely cited by policymakers, investors and researchers.
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About RAM Rating Services Berhad (RAM Ratings)
Established in 1990, RAM Ratings is a leading credit rating agency registered under the Securities Commission’s Guidelines on Registration of Credit Rating Agencies, 2011. In addition to the provision of credit ratings for corporate bonds and sukuk and their issuers, RAM Ratings also provides research and publications on Islamic finance, fixed income and macro-economic and industry analysis as well as data analytics relating to credit risk, counterparty assessments and other related domains.
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