Copyright © 2004 Global Insight, Inc. 1

The Wall Street Journal names Global Insight’s

Nariman Behravesh a top forecaster for 2003.

WSJ placed Global Insight sixth out of 50 in a very competitive race for the most accurate 2003 U.S. economic forecast.

Accuracy in The Wall Street Journal's U.S. Forecasting Survey

Copyright © 2004 Global Insight, Inc. 2

WSJ’s survey measures the accuracy of projections for six key economic barometers:

• GDP

• CPI

• Unemployment Rate

• Three-Month Treasuries

• Ten-Year Treasuries

• Fed Funds Rate

Accuracy in The Wall Street Journal's U.S. Forecasting Survey

Copyright © 2004 Global Insight, Inc. 3

WSJ’s 2003 U.S. Economic Forecasting Survey:How does Global Insight measure up?

Behravesh and Global Insight came in first among its principal competitors

This is the second consecutive year Global Insight placed in the top ten

23 of the 50 participating forecasters or organizations are Global Insight clients

11 of the WSJ forecasters are former employees of Global Insight

Accuracy in The Wall Street Journal's U.S. Forecasting Survey

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Source: Wall Street Journal, January 2, 2004

Accuracy in The Wall Street Journal's U.S. Forecasting Survey

Macroeconomic Advisers

Global InsightEconomy.com

0.0

0.2

0.4

0.6

0.8

1.0

0.0 0.5 1.0 1.5 2.0 2.5 3.0

(Real GDP growth, percentage point error)

(CPI, percentage point error)

Copyright © 2004 Global Insight, Inc. 5

Source: Central Bank of Sweden

Note: A better forecasting track record translates into a lower average ranking score. In other words, a forecaster with an average rank of 9 has a better track record than a forecaster with an average rank of 15. Predictions of 37 U.S.-based forecasters were included in this study.

Central Bank of Sweden’s Ranking of U.S. Forecast Accuracy for 1991-2000

WEFA

DRI

Economy.com

IMF

0

5

10

15

20

25

30

5 10 15 20 25 30 35

(Average GDP rank)

(Average CPI rank)