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Nowcasting global economic growth

Laurent Ferrara and Clément Marsilli

Rue de la Banque, 2016, issue 23

Abstract: Global economic growth has a strong bearing on the pace of activity in the euro area and in France. The IMF provides an assessment of the global economy in its World Economic Outlook report, which is published twice yearly. In between these publications, however, a variety of more volatile factors can affect the international economy. It is therefore important for central banks to monitor ongoing fluctuations in global growth by looking at macroeconomic and financial indicators released at different frequencies. This process, known as nowcasting, is a recent concept which differs from standard economic forecasting.

Date: 2016
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