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Nowcasting GDP growth during the COVID-19 pandemic: a simple rule that made it through

Boriss Siliverstovs

Applied Economics Letters, 2024, vol. 31, issue 21, 2317-2321

Abstract: By using the composite coincident indicator, we document the real-time nowcasting performance of Latvian GDP growth during the COVID-19 period. The Latvian Economic Barometer accurately predicted GDP growth during the COVID-19 pandemic, especially, in the second and third quarters of 2020, a period that proved challenging for more sophisticated econometric models.

Date: 2024
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DOI: 10.1080/13504851.2023.2227412

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