"Job creation clearly sputtered in March, " said Eric Lascelles, chief economist for RBC Global Asset Management.

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Mr Lascelles eventually helped the body boarder to scramble to safety over the rocks.

BBC: Lifeguards get award for Porthtowan body boarder rescue

Josh Ward, Ben Sowter, Adam Bunt, Chris Lowry and Marcus Lascelles were presented with the Alison Saunders Lifeguarding Award.

BBC: Lifeguards get award for Porthtowan body boarder rescue

Mr Lascelles used a rescue board to paddle out to the body boarder.

BBC: Lifeguards get award for Porthtowan body boarder rescue

"There is nothing wrong with this ad it's not racist, " said Lascelles G.

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Lascelles says that the ongoing sovereign debt crisis in Europe means big risk for emerging market investors, including investors buying Chinese equities.

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Mr Lascelles was also presented with the Thanks of the Institution, the fourth highest award given by the charity, for his bravery in performing the rescue.

BBC: Lifeguards get award for Porthtowan body boarder rescue