Where are we now? The UK Recession and Nowcasting GDP Growth Using Statistical Models

James Mitchell

National Institute Economic Review, 2009, vol. 209, 60-69

Abstract: GDP data are published after a lag. The Office for National Statistics (ONS) in the UK, which is quicker than statistical offices in other European countries, publishes quarterly GDP estimates about 27 days after the end of the quarter. Inevitably, this means that economists and policymakers neither know where we are now, nor yet where we might be in the future.

Date: 2009
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