Victor Zarnowitz (born 1919 in Łańcut Poland,[1] d. 21 February 2009 in New York City[2]) was a leading scholar on business cycles, indicators, and forecast evaluation.
In 1939, he fled Poland to escape the Nazi invasion, but was imprisoned by the Soviet Russians and worked at a labor camp in Siberia.
In 2001, he received the William F. Butler Memorial Award from the New York Association for Business Economists.
He continued working five-day weeks until the day before he died, according to The Conference Board, and he was also an active member of the Business Cycle Dating Committee at the National Bureau of Economic Research.
[5] The historical pattern in which deep recessions are usually followed by steep recoveries is known by economists as "the Zarnowitz rule".