A VICTORIA College pupil has won a new iPad in a competition set by Investec’s chief Economist.
The bank invited students to complete the questionnaire following Philip Shaw’s presentation on the developing euro crisis in May.
Alexander Cornish, 17, received the highest number of points in Jersey by predicting several economic indices.
‘I am so pleased to have won the competition given the number of economics students that attended the event organised by Investec Specialist Bank.
‘Mr Shaw’s presentation was extremely interesting, topical and drew upon a number of issues which arose in our exams. The iPad will certainly come in handy for my studies next year,’ said Mr Cornish.
Mr Shaw, who is based at Investec’s London office, is regularly interviewed on television and frequently quoted in the national and regional press on economic issues and is a regular commentator on the state of the economy and generally on business.
In May he talked about fears over Spanish fiscal policy concerning the elections in France and Greece.
‘Philip has provided insight into the economic situation at a number of presentations in recent years, which has always proved very interesting for clients. This year we decided to extend invitations not just to the island’s business leaders, but also to sixth form economics students from the island’s colleges and I am pleased that so many pupils attended and entered the competition.
‘We are delighted to present Alexander with his new iPad as his economic predictions demonstrated a lot of thought and attention to Philip’s presentation,’ said Kevin Allen, head of Investec Specialist Bank in Jersey.
Questions set by Mr Shaw included: what is the major difference between the Bank of England and US Federal Reserve approach in setting monetary policy? Give your predictions for the following at close of Thursday 31 May 2012: sterling dollar exchange rate, euro: sterling exchange rate, the FTSE 100 index and Apple’s share price?