As the tumultuous year of 2020 came to a close, IHS Markit Senior Economic Advisor Nariman Behrevash was in no mood to celebrate despite the recent positive results in clinical trials for a COVID-19 vaccine. The second wave of COVID-19 surging in North America and Europe means “the downside risks to the near-term forecast have risen,” he wrote in late November. “Even before the recent surge in infections, IHS Markit economists were predicting growth would fade in the closing months of 2020 and the beginning of 2021. That fade is morphing into something worse. Once again, the near-term global economic outlook has worsened, and the most likely policy mix looks to be suboptimal.” Behravesh, who has spoken at every TPM since 2015, is consistently rated by attendees as among the most popular speakers on the agenda. He directs the entire economic forecasting process at IHS Markit and is responsible for developing the economic outlook and risk analysis for the US, Europe, Japan, China, and other emerging markets. He oversees the work of more than 400 professionals, located in North America, Europe, Asia, Latin America, the Middle East, and Africa who cover economic, financial, and political developments in more than 200 countries. Behravesh and his team have received numerous awards, among them the 2017 Lawrence R. Klein Blue Chip Forecast Accuracy Award and top forecasters by Consensus Economics in 2013.
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