Global Weakness Index – reading the economy’s vital signs during the COVID-19 crisis

Gabriel Perez Quiros

Research Bulletin, 2020, vol. 72

Abstract: The Global Weakness Index (GWI) is a real-time measure of how weak the global economy is. We use this index to assess on the spot how the repercussions of the coronavirus (COVID-19) crisis are playing out. After the release of certain soft indicators on March 2, 2020 the GWI increased sharply – much faster than in the 2008 crisis. And at the time of writing it remains at a record high. JEL Classification: E32, E37, C22

Keywords: Factor models; International Business Cycle; Non-linearities (search for similar items in EconPapers)
Date: 2020-06
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