FocusEconomics

FocusEconomics

FocusEconomics logo
Industry	Financial Services
Founded	1998
Headquarters	Barcelona, Spain
Website	http://focus-economics.com/

Founded in 1998, FocusEconomics (FE) is a private service company that provides economic analysis and compiles over 1,400 macroeconomic forecasts for over 95 countries with which it produces the FocusEconomics Consensus Forecast.^[1] The company, which is based in Barcelona, Spain, is supported by an extensive global network of analysts that collaborate as the firm’s panelists and its research is derived from projections by international banks, national financial institutions, consultancies and other economic think tanks.^[2][3]

This firm analyzes over 30 key macroeconomic indicators for each country which include Gross Domestic Product (GDP), inflation, industrial production, business confidence, consumer confidence, monetary policy decisions and exchange rate movements among others.^[4]

FocusEconomics monitors fundamental economic developments and provides commentaries analysis on economic trends. The company produces monthly reports (the FocusEconomics Consensus Forecasts), which include five-year forecasts of five years for economic variables as well as at least five years of historical data.^[5] The data the company offers to its clients provides includes detailed economic information on 95 countries divided in 5 regions: Latin America^[6] and Central America;^[7] Eastern Europe;^[8] Major Economies (G7)^[9] together with Euro Area ^[10] and Nordic Economies;^[11] and Asia Pacific^[12] and MENA (Middle East & North Africa),^[13] which was launched in December 2014.

History

FocusEconomics was founded in 1998^[2] by a group of economists specialized in emerging markets that believed in the need to provide companies with macroeconomics forecasts. The original name of the company was LatinFocus and it provided detailed reports on Latin America. Later on, the company expanded and started launched reports with economics data on various regions, thus the company name became “FocusEconomics”. In Latin America the brand “LatinFocus” is still very well known.

The company has expanded its panelist coverage over the years and today up to 38 panelists participate in the FocusEconomics Consensus Forecast for some countries. From the beginning, banks, think tanks, newspapers and information portals ^[14][15] and professional forecasting firms have supported the company with their forecasts.

Clients

FocusEconomics has established an over-15-year reputation as a reliable source for timely and accurate macroeconomic information. FocusEconomics’ clients are public and private sector companies including hundreds of financial institutions, multinational companies, governments, agencies, central banks and international organizations. Companies around the world rely on FocusEconomics as a macroeconomic and financial information provider and the company is a market leader in the Latin American market.

Forecasts

FocusEconomics publishes the FocusEconomics Consensus Forecast for each country and region covered every month^[16] and provides additional macroeconomic data and analysis on its website daily. The company's forecasts are based on a survey of hundreds of economic experts from banks, think tanks, and consultancies. They are checked and analyzed by FocusEconomics' in-house team of economists and are complemented with text analysis on the latest economic trends.^[16]

The forecasts cover more than 75 countries in the following geographic areas:

• Asia Pacific,^[17] which includes Australia, China, Hong Kong, India, Indonesia, Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand, and Vietnam.

• Eastern Europe,^[8] region that englobes Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Russia, Slovakia, Slovenia, Turkey, and Ukraine.

• Euro Area, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia and Spain.

• Major Economies (G7),^[9] including Canada,^[18] Eurozone, France, Germany, Italy, Japan,^[19] Switzerland,^[20] the United States,^[21] and the UK.^[22]

• Nordic Economies,^[11] including Denmark,^[23] Finland, Iceland,^[24] Norway,^[25] and Sweden.^[26]

• Latin America,^[6] region that includes Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Paraguay, Peru, Uruguay, and Venezuela.

• Central America,^[6] area that englobes Belize, Costa Rica, Dominican Republic, El Salvador, Guatemala, Haiti, Honduras, Jamaica, Nicaragua, Panama, Puerto Rico, Trinidad & Tobago.

Reception

FocusEconomics collaborates with an extensive network of global, regional and local banks, think tanks and consultancies, which contribute their individual forecasts to the FocusEconomics Consensus Forecast reports.

See also

• Economic forecasting
• Consensus Economics, publisher of Consensus Forecasts^TM, another monthly publication. They cover 115 countries.
• ECB Survey of Professional Forecasters publishes quarterly forecasts for the economy of Europe
• Survey of Professional Forecasters publishes quarterly forecasts for the economy of the United States
• Blue Chip Economic Indicators publishes monthly forecasts for the economy of the United States
• Market Publishers Ltd

References

External links

• Official website
• Official Twitter
• Official Facebook page
• FocusEconomics on Linkedin