Eurobank GDP NOWcasting model Greek Q4 GDP forecast: -2.0% QoQ s.a. / -1.9% YoY Full-year 2013: -3.5% vs. -6.4% last year

Greece Focus Notes

19 November 2013

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.