NOURIEL ROUBINI BLOG tracks the media appearances of Dr Nouriel Roubini his interviews articles debates books news speeches conferences blogs etc..Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
Showing posts with label GDP. Show all posts
Showing posts with label GDP. Show all posts
Thursday, December 22, 2011
Initial estimate of GDP systematically biased up
The Initial estimate of GDP systematically biased up says Nouriel Roubini in a recent twitter message , "Q1 (Q3) growh initially estimated at 1.5% (2.5) then sharply revised downward to 0.4% (1.8).Initial estimate of GDP systematically biased up" "As we expected Q3 growth estimate down to 1.8% on much lower discretionary service spending. This is a bias in all initial GDP estimates" he added "Upward biases in initial GDP estimates: consumption of discretionary services; sample of large producers & retailers while SME are slumping" he explained
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