Quarterly GDP Revisions in G-20 Countries: Evidence from the 2008 Financial Crisis

Manik Shrestha and Marco Marini

No 2013/060, IMF Working Papers from International Monetary Fund

Abstract: This paper presents a statistical analysis of revisions in quarterly gross domestic product (GDP) of the Group of Twenty countries (G-20) since 2000. The main objective is to assess whether the reliability of early estimates of quarterly GDP has been weakened from the turmoil of the 2008 financial crisis. The results indicate that larger and more downward revisions were observed during the years 2008 and 2009 than in previous years.

Keywords: WP; GDP revision; GDP estimate; Gross Domestic Product; Quarterly National Accounts; Revisions Analysis; revision process; quarterly GDP; compilation system; Global financial crisis of 2008-2009; Business cycles; Africa; Global (search for similar items in EconPapers)
Pages: 43
Date: 2013-03-07
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Citations: View citations in EconPapers (15)

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