High-Frequency Indicators and GDP Nowcasting in Andorra

Key Points

• This research aims to develop a mixed-frequency nowcasting model to estimate quarterly GDP growth in Andorra using high-frequency signals.
• Developed a mixed-frequency nowcasting model incorporating high-frequency signals for Andorra.
• Generated real-time estimates of quarterly GDP growth with uncertainty bands.
• Applied the model for scenario analysis within a near-term framework.
• The model successfully provides timely nowcasts of quarterly GDP growth with transparent uncertainty bands.
• Demonstrated effectiveness in real-time estimation for economic forecasting in Andorra.