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Tracking GDP using Google Trends and machine learning | VOX, CEPR Policy Portal

Zidong An, Prakash Loungani A pre-requisite for good macroeconomic policymaking is timely information on the current state of the economy, particularly when economic activity is changing rapidly. Given that GDP figures are usually only available on a quarterly basis, and that monthly survey-based indicators (such as the Purchasing Managersโ€™ Indices) can become unreliable when changes in economic activity are abrupt and massive, the current crisis has prompted a search for alternative high fre...
France General United Kingdom South Africa Economics Department Working Papers European Commission Blavatnik School Of Government
Source: voxeu.org

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