Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/147380
Authors: 
Garnitz, Johanna
Leibfritz, Willi
Year of Publication: 
2016
Series/Report no.: 
CESifo Working Paper 6126
Abstract: 
Economists around the world rely in addition to official statistics on business (and consumer) surveys, which are more up-to-date. However, for many emerging and developing countries there is a lack of such surveys. This gap can, at least partly, be filled by the Ifo World Economic Survey (WES). In this paper we first describe this survey and also examine how helpful it is for macroeconomic analysis and short-term forecasting. We find that this survey provides important up-to-date information about the cyclical stage of the global economy and of major emerging and developing regions including Africa. Increasing the number of participating experts could further improve its usefulness for macroeconomic analysis in these regions.
Subjects: 
macroeconomic analysis
business cycle
global economy
emerging and developing countries
Africa
JEL: 
E01
F01
N14
N15
N16
N17
Document Type: 
Working Paper

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