Économie et statistiques N° 120 Prévision immédiate (Nowcasting) de la croissance du PIB dans une petite économie ouverte

Nowcasting, i.e., forecasting the current economic conditions, is a key ingredient for decision making but it is complex, even more so for a small open economy, due to the higher volatility of its GDP. In this paper we review the required steps, taking Luxembourg as an example.