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

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  • Boriss Siliverstovs

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.

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  • Boriss Siliverstovs, 2024. "Nowcasting GDP growth during the COVID-19 pandemic: a simple rule that made it through," Applied Economics Letters, Taylor & Francis Journals, vol. 31(21), pages 2317-2321, December.
    • Handle: RePEc:taf:apeclt:v:31:y:2024:i:21:p:2317-2321
    DOI: 10.1080/13504851.2023.2227412
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