Goldman Sachs Group's Economist Wins Award for Accurate Economic Forecasting Amid Turbulence
- Jan Hatzius of Goldman Sachs wins the Lawrence R. Klein Award for forecast accuracy, marking his third win.
- His accurate forecasts support Goldman Sachs and provide clarity for investors during economic uncertainty.
- Goldman Sachs collaborates with T. Rowe Price to create private-market investment products for individual investors.
Goldman Sachs Chief Economist Honored for Forecasting Excellence Amid Economic Turbulence
Goldman Sachs Group's chief economist, Jan Hatzius, achieves a remarkable milestone by becoming the first-ever three-time recipient of the Lawrence R. Klein Award for Blue Chip Forecast Accuracy. This recognition is a testament to Hatzius's exceptional analytical skills and the precision of his economic forecasts, particularly during a period characterized by significant inflation and economic uncertainty from 2021 to 2024. The award ceremony, scheduled for October 15, 2025, at the University Club of New York, will feature Hatzius discussing his insights into the macroeconomic landscape, underlining the importance of rigorous economic analysis in navigating today’s complexities.
Hatzius's ability to provide accurate forecasts has not only been instrumental for Goldman Sachs but also for investors and stakeholders seeking clarity in a rapidly changing economic environment. His collaborative approach with the Goldman Sachs Economics team emphasizes the significance of teamwork in producing timely and rigorous research. The Lawrence R. Klein Award, esteemed in the field of economic forecasting, is based on the accuracy of forecasts published in the Blue Chip Economic Indicators newsletter, making this accolade particularly noteworthy. Hatzius's previous wins in 2009 and 2011 highlight his sustained excellence in economic prediction.
The acknowledgment of Hatzius also reflects the broader challenges faced by economists in today’s volatile landscape, marked by inflation spikes and shifting monetary policies. As he prepares to share his insights at the award ceremony, the economic community looks forward to understanding his perspectives on future trends and the implications for market movements. This recognition not only highlights individual achievement but also reinforces Goldman Sachs's commitment to providing insightful economic analysis that can guide investment strategies and inform stakeholder decisions.
In a related development, Goldman Sachs has recently partnered with asset manager T. Rowe Price to develop private-market investment products. This collaboration aims to create target date funds and model portfolios tailored for individual investors and financial advisors, further demonstrating Goldman Sachs's proactive approach to diversifying its offerings in a competitive market. As financial institutions adapt to shifting investor needs, such initiatives highlight the importance of innovation in the financial services sector.