Shepherdson Creates Economic Forecasting Firm Focusing on U.S.

Ian Shepherdson, former chief U.S. economist at High Frequency Economics Ltd., founded his own economic research firm, Pantheon Macroeconomic Advisors Inc., which will focus on the U.S.

Shepherdson forecasts in the firm’s first report to clients today that the U.S. economy will expand by about 2 percent next year, while the unemployment rate will decline to 7.6 percent by June 2013. The Dow Jones Industrial Average will rally 12 percent to 14,000 at the end of next year.