Constance Hunter
{{short description|American economist}}
{{Use mdy dates|date=December 2022}}
{{Infobox economist
| honorific_prefix =
| name = Constance L. Hunter
| honorific_suffix =
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| nationality = American
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| institution = Economist Intelligence Unit
| field = Chief economist
Macroeconomics
Financial forecasting
| school_tradition =
| alma_mater = School of International and Public Affairs, Columbia University (SIPA)
New York University
| influences =
| contributions = "Covid's economic reset: making the quixotic quotidian"
| awards =
| website = {{URL|https://www.eiu.com/n/people/constance-hunter|EIU/ConstanceHunter}}
}}
Constance Hunter is an American economist. She is a former principal and chief economist at KPMG, and has served as president of the National Association for Business Economics (NABE). A member of several think tanks, including the Council on Foreign Relations, she is among the first economists to forecast various historic economic events, including the 2001 dot-com bubble, the 2007–2008 mortgage and credit crisis,[https://www.insurancejournal.com/news/national/2021/12/20/646332.htm "People Moves: Chubb Changes Commercial P/C Leadership; BHSI Promotes Meyer in Life Sciences; AIG Adds Hunter to ESG; J.D. Power Hires Ellingsworth"] Insurance Journal, December 20, 2021. Retrieved October 16, 2022. and the economic impact of the COVID-19 pandemic.
Education
She attended New York University, receiving a bachelor's degree in Economics and Sociology, then earned a master's degree from the School of International and Public Affairs, Columbia University (SIPA).[https://www.wsj.com/market-data/quotes/CL/XSGO/AIG/company-people/executive-profile/215291518 "Constance Hunter"] The Wall Street Journal. Retrieved October 16, 2022. She also holds a Certified Business Economist (CBE) designation.[https://nabe.com/NABE/Groups/Groups_Roundtables/International_Roundtable/International_Roundtable_Events_Page.aspx "International Roundtable Events"] National Association for Business Economics. Retrieved October 16, 2022.
Career
Since the 1990s, she has held various upper-level asset management positions, serving as chief investment officer (CIO) or chief economist for over a decade prior to joining KPMG. She began her career in 1994, as an economist on foreign exchange at Chase Manhattan Bank,[https://www.wsj.com/articles/meet-the-economist-who-predicted-the-feds-rate-cut-11564653604 "Meet the Economist Who Predicted the Fed’s Rate Cut"] Nick Timiraos, The Wall Street Journal, August 1, 2019. Retrieved October 16, 2022. was subsequently a portfolio manager for Firebird Management, which invested hedge funds in countries formerly of the Soviet Union.[https://www.nytimes.com/1998/05/31/business/investing-it-an-emerging-markets-bog-time-to-wade-in-again.html "INVESTING IT; An Emerging-Markets Bog: Time to Wade In Again?"] Jonathan Fuerbringer, The New York Times, May 31, 1998"] Retrieved October 16, 2022.[https://www.nytimes.com/1998/08/14/business/the-markets-market-place-ruble-throws-another-scare-into-markets.html "THE MARKETS: Market Place; Ruble Throws Another Scare Into Markets"] Jonathan Fuerbringer, The New York Times, August 14, 1998. Retrieved October 16, 2022. She was chief economist at Galtere Ltd.; then managing director and chief economist at Aladdin Capital Management.[https://economictimes.indiatimes.com/opinion/interviews/italy-faces-structural-problems-lacks-competition-drive-constance-hunter-aladdin-capital/articleshow/10666971.cms "Italy faces structural problems, lacks competition drive: Constance Hunter, Aladdin Capital"] The Economic Times, November 9, 2011. Retrieved October 16, 2022.[https://www.bloomberg.com/news/articles/2011-09-08/china-s-food-driven-inflation-won-t-hit-global-economy-soon-experts-say#xj4y7vzkg?sref=xlHcxOOx "China’s Food-Driven Inflation Won’t Hit Global Economy Soon"] Paul Panckhurst and Shobhana Chandra, Bloomberg,
September 8, 2011. Retrieved October 16, 2022. In 2011, she became deputy CIO at Axa Investment Managers,[https://www.caymancompass.com/2012/09/14/summit-examines-future-of-alternative-investments/ "Summit examines future of alternative investments"] Cayman Compass, September 14, 2012. Retrieved October 16, 2022. with over $500 billion in managed assets. That year, she was an early forecaster of the recovery of U.S. housing markets.[https://www.wsj.com/articles/BL-DVB-21592 "The Year Everyone Was Wrong (Again) About Home Prices"] Nick Timiraos, The Wall Street Journal, January 22, 2013. Retrieved October 16, 2022. Hunter became known for accurately forecasting major economic events.[https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7844546/ "Covid’s economic reset: making the quixotic quotidian"] Business Economics (Cleveland, Ohio), vol. 56,1, January 29, 2021. {{doi|10.1057/s11369-020-00200-5}} Retrieved October 16, 2022. the dot-com bubble burst of 2001; the subprime mortgage crisis that contributed to the subsequent 2008 financial crisis;[https://www.insurancebusinessmag.com/us/news/breaking-news/aig-hires-respected-economist-as-global-head-of-strategy-and-esg-320090.aspx AIG hires respected economist as global head of strategy and ESG] Roxanne Libatique, Business, December 15, 2021. Retrieved October 16, 2022. low bond yields concurrent with U.S. housing market recovery, from 2012; and the effects of the COVID-19 pandemic on U.S. and international economies.[https://www.diversityinc.com/kpmgs-constance-hunter-on-the-delta-variants-impact-on-job-growth-and-market-expectations/ "KPMG’s Constance Hunter on the Delta Variant’s Impact on Job Growth and Market Expectations"] Diversity Inc, October 15, 2021. Retrieved October 16, 2022. She often appears as an economic commentator for broadcast media.[https://www.foxbusiness.com/search?q=Constance%20Hunter "Constance Hunter"] Fox Business. Retrieved October 16, 2022.
=KPMG=
In 2013, she was appointed chief economist of KPMG, where she was responsible for macroeconomic analysis and economic forecasting.[https://www.hedgeweek.com/2013/06/06/185398/kpmg-hires-constance-hunter-chief-economist-alternative-investments-practice "KPMG hires Constance Hunter as chief economist for alternative investments practice"] Hedgeweek, June 6, 2016. Retrieved October 16, 2022. A former principal of the firm,[https://www.kpmg.us/bios/h/hunter-constance.html?marketingTactic=C-00063625 "Constance L. Hunter"] KPMG. Retrieved October 17, 2022. she joined its strategy leadership team in 2020, and the advisory board of its pension committee. A year after the U.S. imposed new tariffs on its trading partners, in 2018, Hunter stated that the result was that the higher tariffs were disruptive to the business environment. The following year, The Wall Street Journal noted Hunter among the first economists to officially forecast Federal Reserve rate cuts[https://www.bloomberg.com/news/videos/2018-12-07/2019-is-all-about-recession-watch-and-risk-kpmg-s-hunter-says-video "2019 Is All About Recession Watch and Risk, KPMG's Hunter Says"] Bloomberg, December 16, 2018. Retrieved October 16, 2022. and economic recession for 2019.[https://www.cnbc.com/2018/12/18/cnbc-fed-survey-chance-of-recession-rises-to-23percent.html "Chance of recession rises to the highest level of the Trump presidency: CNBC Fed Survey"] Steve Liesman, CNBC, December 18, 2018. Retrieved October 16, 2022.[https://www.wsj.com/articles/most-economists-expect-fed-will-hold-rates-steady-at-least-until-june-11547132401?mod=searchresults&page=1&pos=2&mod=article_inline "Most Economists Expect Fed Will Hold Rates Steady at Least Until June"] Kate Davidson, The Wall Street Journal, January 10, 2013. Retrieved October 16, 2022. She was also one of the first economists to begin forecasting the extensive economic impacts of COVID-19 on the U.S.,[https://www.ft.com/content/97ade001-8df2-41af-bef2-c28507293cc2 "Covid has been a catastrophe. Can it also be an opportunity?"] Tim Harford, Financial Times, April 1, 2021. Retrieved October 17, 2022. noting a March 2020 start to economic recession,[https://www.business-standard.com/article/international/covid-19-us-already-in-recession-trump-blames-china-of-taking-advantage-120041100315_1.html "Covid-19: US already in recession; Trump accuses China of taking advantage"] Business Standard, April 11, 2020. Retrieved October 17, 2022. emerging obstacles, such as job loss and decreased consumer consumption;[https://www.wsj.com/articles/another-3-1-million-americans-likely-sought-unemployment-benefits-last-week-11585819800?mod=e2twg "Record 6.6 Million Americans Sought Unemployment Benefits Last Week"] Sarah Chaney, The Wall Street Journal, April 2, 2020. Retrieved October 17, 2022.] mask wearing resistance;[https://www.cnn.com/2020/06/30/business/face-masks-economic-recovery-goldman-sachs/index.html "Trump says masks are a 'double-edged sword.' Goldman Sachs says they could help save the economy"] Matt Egan, CNN, June 30, 2020. Retrieved October 17, 2022. virus variants;[https://www.nytimes.com/2022/01/24/business/economy/omicron-economy.html "Omicron’s Economic Toll: Missing Workers, More Uncertainty and Higher Inflation (Maybe)"] Ben Casselman and Sydney Ember, The New York Times, January 24, 2022. Retrieved October 17, 2022.] political uncertainty;[https://www.washingtonpost.com/us-policy/2021/05/28/biden-budget-economy-2022/ Retrieved October 17, 2022.] and recovery, through such as federal rate changes[https://www.reuters.com/business/fed-must-move-expeditiously-if-needed-more-aggressively-powell-says-2022-03-21/ "Fed will raise rates more aggressively if needed, Powell says"] Ann Saphir and Lindsay Dunsmuir, Reuters, March 21, 2022. Retrieved October 17, 2022.] and social shifts,[https://www.washingtonpost.com/business/2020/07/16/9-charts-that-show-good-bad-alarming-this-early-economic-recovery/ "9 charts that show the good, the bad and the alarming of this early economic recovery"] Heather Long, The Washington Post, July 16, 2020. Retrieved October 17, 2022.] as well as the pandemic's effect on Chinese economies in February 2020.[https://www.reuters.com/article/us-china-health-economy-impact/everyone-is-guessing-about-coronavirus-economic-impacts-say-experts-idUSKBN2060IP "'Everyone is guessing' about coronavirus economic impacts, say experts"] Ross Kerber, Heather Timmons, Reuters, February 11. 2020. Retrieved October 17, 2022. In early 2021, she forecast economic changes subsequent to societal adaptations due to the pandemic,[https://www.npr.org/2021/03/16/977874379/the-covid-reset-a-chat-with-constance-hunter "The Covid Reset: A Chat With Constance Hunter"] CARDIFF GARCIA. NPR, March 16, 2021. Retrieved October 17, 2022.[https://www.npr.org/transcripts/977874379 "The Indicator from Planet Money"] SYLVIE DOUGLIS, NPR, Retrieved October 17, 2022. outlined in the report, "Covid's economic reset: making the quixotic quotidian".
=AIG=
In early 2022, Hunter joined AIG as executive vice president, global head of strategy and environmental, social, and corporate governance (ESG).[https://www.aig.com/aigreports/chairman-and-ceo-letter "AIG 2021 ANNUAL REPORT Chairman & CEO letter to shareholders"] American International Group, August 2021. Retrieved October 16, 2022. In the newly created role, her ESG responsibilities include supporting businesses as they navigate climate change, as well as meeting AIG's own net-zero by 2050 goal to match those of the Paris Agreement, and other commitments.[https://www.reinsurancene.ws/aig-targets-net-zero-ghg-emissions-across-underwriting-investments-by-2050/ "AIG targets net zero GHG emissions across underwriting & investments by 2050"] Luke Gallin, Reinsurance News, March 1, 2022. Retrieved October 16, 2022.
= EIU =
In September 2024, Hunter joined The Economist Intelligence Unit (EIU), the business information arm of The Economist Group as chief economist.{{Cite web |last= |first= |date=2024-09-05 |title=EIU strengthens leadership team and names Constance Hunter as chief economist |url=https://www.eiu.com/n/eiu-strengthens-leadership-team-and-names-constance-hunter-as-chief-economist/ |access-date=2024-11-04 |website=Economist Intelligence Unit |language=en-GB}}{{Cite web |date=2024-09-12 |title=EIU appoints Constance Hunter |url=https://www.inpublishing.co.uk/articles/eiu-appoints-constance-hunter-24527 |access-date=2024-11-04 |website=InPublishing |language=en}}
Boards and associations
Hunter is a member of the Council on Foreign Relations,[https://www.cfr.org/membership/roster "Membership Roster"] Council on Foreign Relations. Retrieved October 16, 2022. She served as president of the National Association for Business Economics for 2019 to 2020,[https://www.nabe.com/NABE/NABE/About/Board_of_Directors.aspx?hkey=d20da74f-baa8-4852-a83a-710257e27ca5 "NABE Board of Directors 2021–22"] National Association for Business Economics. Retrieved October 16, 2022. and is a NABE Fellow and board member, where her focus is diversity and inclusion. She serves on the board of NPO GallopNYC and is a member of various economic associations, including the New York Association of Business Economics, Money Marketeers[https://www.cthedge.org/page/AMacroOutlookwith. "A Macro Outlook with Dr. Nouriel Roubini"] CTHFA, September 10, .Retrieved October 17, 2022. and 100 Women in Finance.[https://app.100women.org/100WHF_GlobalEvents.pdf "Global Events"] 100 Women in Finance, 2018. Retrieved October 17, 2022. Hunter also serves on the advisory board of Social Impact Capital,{{Cite web |title=Team |url=https://social-impact-capital.com/team/ |access-date=2024-11-04 |website=Social Impact Capital |language=en}} and the board of the National Bureau of Economic Research.{{Cite web |title=Leadership & Governance |url=https://www.nber.org/about-nber/leadership-governance |access-date=2024-11-04 |website=NBER |language=en}}
References
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External links
- {{C-SPAN|74022}}
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Category:21st-century American economists
Category:20th-century American economists
Category:American women economists