David Teolis, joined ACT Research in the position of Chief Economist in October 2023 following a 28-year career with General Motors as Deputy Chief Economist, International Markets, FX & Commodities.
In his most recent role, he was responsible for providing economic analyses, forecasting long-term new vehicle sales, and conducting special studies for the economies of South America, Africa, Middle East, Europe, and the Asia-Pacific region. David was also responsible for managing the company’s foreign exchange rate forecast process and writing monthly and quarterly reports. Prior to this role, David served for five years as the Manager of European Economic and Industry Forecasting located at the Adam Opel Headquarters in Rüsselsheim, Germany. He joined General Motors in 1995 as an economist with primary responsibility for economic and industry forecasting for Mexico, and subsequently worked in several finance positions within the company before returning to the economics staff as the Senior Economist for North America.
Prior to joining General Motors, David was the recipient of the Herman Kahn Fellowship in International Political Economy from the Hudson Institute where he worked on issues related to NAFTA and telecommunications deregulation. He is a two-time recipient of the Best Overall Economic Forecast Award from the Federal Reserve Bank of Chicago.
David graduated with a B.A. in economics, with distinction, and an M.S. in finance from the University of Illinois. He earned his Ph.D. in economics from Indiana University.
He is past-President of the Detroit Association for Business Economics and previously served on the Board of Directors for Global Ties Detroit and the German-American Chamber of Commerce of the Midwest - Michigan Chapter. He is a member of the National Association for Business Economics, the International Institute of Forecasters, and the American Economic Association.