GDP forecast based on semantic business cycle identification - release: 2009-08-24

     
   

Sample: 2000(2)-2009(1), Forecast: 2009 (2)

    Table 1: Swiss real gross domestic product with forecast
   
           
Date
Year-to-year growth (%) of Swiss real gross domestic product (GDP)
  forecast standard error
realisations*
2008(4) -0.52 - -0.60 -0.67
2009(1) -2.50 - - -2.36
2009(2)
-2.75 0.47 - -
   

Sources: Own calculations, forecast for 2009(2), before that date fitted vlues, *realised GDP: seco (left: March 02, 2009 ; right : June 02, 2009 releases)

Note: Forecasts obtained by best nowcasting model.

SPECIAL NOTE
  Analysis of revisions of seco's quarterly estimates (German summary).
  Previous update
2009-05-12
  Standard error of regression*
0.702
  Literature:
KOF working paper 212
  Business cycle data please ask for your personal copy!
  History 2009-05-12 release
    2009-02-06 release
    2008-11-07 release
    2008-08-15 release
   
2008-05-06 release
    2008-01-24 release
    2007-11-30 release
    First release
  *Standard error of regression refers to baseline model published in the first release.

 

  Illustration
  Figure: Business cycle indicator based on semantic identification in comparison to real GDP and the KOF barometer: Ex-ante forecast properties
 

 

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