Take a look at our experts’ forecasts for 2022/23 and see how they fare.
Titans’ Predictions
Stephen Millard
Stephen is Deputy Director for Macroeconomics, Modelling and Forecasting at NIESR. Prior to joining NIESR, Stephen held a number of policy, analyst and research positions at the Bank of England, stretching over 26 years. He has been a Visiting Professor at Durham University Business School since 2011, and at Portsmouth University since 2021. Stephen’s main areas of research are inflation dynamics, the labour market, monetary and macroprudential policy and their interaction, and the effects of the move to net zero on monetary policy and the macroeconomy, making him very well placed to forecast the macroeconomic indicators that comprise this competition.

2022 | 2023 | |||
Q4 | Q1 | Q2 | Q3 | |
GDP Growth | 0.0 | -0.3 | 0.2 | 0.2 |
Inflation | 10.8 | 10.6 | 9.1 | 8.4 |
Unemployment | 3.8 | 3.9 | 4.4 | 4.4 |
Interest Rates | 3.2 | 4.1 | 4.6 | 4.75 |
Earnings Growth | 6.4 | 6.1 | 5.8 | 5.7 |
Lowest £/€ Exchange Rate (31st January to 31st October): €1.12
Yael Selfin
Yael is Chief Economist at KPMG in the UK. Her research centres on the impact major issues including Brexit and other geopolitical events are likely to have on the economy as well as on individual businesses. Prior to joining KPMG in 2014 she worked at two independent economic consultancies as well as at PwC for over 14 years, where she set up and led their Macro Consulting business, as well as oversaw their international economic research. She has a BSc in Economics from UCL and did further studies in Advanced Econometrics at LSE. She also has a Chartered Accountant qualification.

2022 | 2023 | |||
Q4 | Q1 | Q2 | Q3 | |
GDP Growth | -0.5 | -0.3 | -0.7 | -0.2 |
Inflation | 10.9 | 10.0 | 8.2 | 6.4 |
Unemployment | 3.6 | 3.7 | 4.3 | 4.8 |
Interest Rates | 3.5 | 4.0 | 4.0 | 4.0 |
Earnings Growth | 6.4 | 6.4 | 6.2 | 5.6 |
Lowest £/€ Exchange Rate (31st January to 31st October): €1.14
Innes McFee
Innes is Chief Global Economist and Managing Director of Macroeconomics and Investor Services at Oxford Economics and has worked there since 2017. Prior to becoming Managing Director for Macroeconomics, Modelling and Forecasting, he was Director for Stress Testing, Scenarios, and Financial Modelling. Before joining Oxford Economics, he held a number of Economist roles at institutions such as the Department of Health, HM Treasury, and Lloyds Banking Group.

2022 | 2023 | |||
Q4 | Q1 | Q2 | Q3 | |
GDP Growth | -0.1 | -0.3 | -0.5 | -0.2 |
Inflation | 10.9 | 10.6 | 8.4 | 7.0 |
Unemployment | 3.7 | 4.0 | 4.3 | 4.6 |
Interest Rates | 3.5 | 4.0 | 4.0 | 4.0 |
Earnings Growth | 6.0 | 5.9 | 5.4 | 4.7 |
Lowest £/€ Exchange Rate (31st January to 31st October): €1.08
Titans’ Standing
1. | ![]() | Stephen Millard | 100 (1) |
2. | ![]() | Yael Selfin | 105 (3) |
3. | = | Innes McFee | 121 (3) |