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FORECASTING THE WORLD ECONOMY IN THE SHORT-TERM
by Audrone Jakaitiene and Stéphane Dées
THE EUROPEAN CENTRAL BANK
Forecasting the world economy is a difficult task given the complex interrelationships within and across countries. This paper proposes a number of approaches to forecast short-term changes in selected world economic variables and aims, 1st, at ranking various forecasting methods…
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