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Where are we now? The UK Recession and Nowcasting GDP Growth Using Statistical Models

Published online by Cambridge University Press:  26 March 2020

James Mitchell
James Mitchell*
Affiliation:
National Institute of Economic and Social Research
*
e-mail: j.mitchell@niesr.ac.uk
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Extract

GDP data are published after a lag. The Office for National Statistics (ONS) in the UK, which is quicker than statistical offices in other European countries, publishes quarterly GDP estimates about 27 days after the end of the quarter. Inevitably, this means that economists and policymakers neither know where we are now, nor yet where we might be in the future.

Type
Articles
Information
National Institute Economic Review , Volume 209 , July 2009 , pp. 60 - 69
Copyright
Copyright © 2009 National Institute of Economic and Social Research

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Footnotes

∗

Thanks to Ray Barrell and Martin Weale for helpful comments.

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