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IDC economist Kelder tops poll

Johannesburg - The Industrial Development Corporation's (IDC) Nico Kelder was the most accurate predictor of key South African economic indicators for 2012, analysis of Reuters data showed.

Analysts were ranked according to their accuracy in forecasting economic outcomes for the Reuters Econometer and the frequency of their participation.  

The econometer is a monthly confidence barometer derived from six major indicators including GDP, inflation, the foreign exchange rate and the 10-year government bond.

More than 20 economists from banks, fund managers, think-tanks and other corporations took part in the competition, now in its 13th year.

Colen Garrow of Meganomics was named best forecaster of GDP growth for the second time in a row, while Annabel Bishop of Investec Securities was best forecaster of inflation.

South Africa's rand was best forecast by Dennis Dykes of Nedbank.

economists



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