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Nowcasting global economic growth

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  • Ferrara , L.
  • Marsilli, C.

Abstract

Global economic growth has a strong bearing on the pace of activity in the euro area and in France. The IMF provides an assessment of the global economy in its World Economic Outlook report, which is published twice yearly. In between these publications, however, a variety of more volatile factors can affect the international economy. It is therefore important for central banks to monitor ongoing fluctuations in global growth by looking at macroeconomic and financial indicators released at different frequencies. This process, known as nowcasting, is a recent concept which differs from standard economic forecasting.

Suggested Citation

  • Ferrara , L. & Marsilli, C., 2016. "Nowcasting global economic growth," Rue de la Banque, Banque de France, issue 23, April..
    • Handle: RePEc:bfr:rueban:2016:23
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    References listed on IDEAS

    as
    1. Karim Barhoumi & Olivier Darné & Laurent Ferrara, 2014. "Dynamic factor models: A review of the literature," OECD Journal: Journal of Business Cycle Measurement and Analysis, OECD Publishing, Centre for International Research on Economic Tendency Surveys, vol. 2013(2), pages 73-107.
    2. Laurent Ferrara & Clément Marsilli, 2019. "Nowcasting global economic growth: A factor‐augmented mixed‐frequency approach," The World Economy, Wiley Blackwell, vol. 42(3), pages 846-875, March.
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