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Eurobank’s Greek GDP NOWcasting model

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Platon MonokrousosGreek Q4 GDP forecast: -2.0% QoQ s.a. / -1.9% YoY

Full-year 2013:  -3.5% vs. -6.4% last year

The attached paper presents an econometric model that can be used to derive real-time estimates of key macroeconomic variables such as GDP, unemployment and inflation. In the empirical case study presented herein, we derive high-frequency estimates of Greek GDP, based on the information provided by a broad range of indicators of domestic economic and market activity.

GDP Nowcasting – Greece – Macro Monitor (November 18, 2013)

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