You reached this page through the archive. Click here to return to the archive.

Note: This article is over a year old and information contained in it may no longer be accurate. Please use the contact information in the lower-left corner to verify any information in this article.

Bloomberg News names alumnus 'most-accurate forecaster'

By David Gonnerman '90
December 29, 2009

A recent Bloomberg News survey has named Dean Maki '87 the "most-accurate forecaster" in his assessment of U.S. economic growth. Maki is the chief U.S. economist at Barclays Capital in New York.

According to BusinessWeek, "Maki’s top position in the Bloomberg ranking is based on estimates submitted in January for GDP. He forecast that month a 2 percent expansion for the third quarter. The U.S. economy expanded at a 2.2 percent annual pace, according to a Dec. 22 Commerce Department report.

"He also predicted a 4.5 percent contraction for the first quarter of 2009, followed by a 1 percent decline in the period from April through June. The Commerce Department later reported contractions of 6.4 percent and 0.7 percent."

Contact David Gonnerman at 507-786-3315 or gonnermd@stolaf.edu.