Quarterly GDP Revisions in G-20 Countries: Evidence from the 2008 Financial Crisis

Author/Editor:

Manik L. Shrestha ; Marco Marini

Publication Date:

March 7, 2013

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper presents a statistical analysis of revisions in quarterly gross domestic product (GDP) of the Group of Twenty countries (G-20) since 2000. The main objective is to assess whether the reliability of early estimates of quarterly GDP has been weakened from the turmoil of the 2008 financial crisis. The results indicate that larger and more downward revisions were observed during the years 2008 and 2009 than in previous years.

Series:

Working Paper No. 2013/060

Subject:

Business cycles Economic growth Financial crises Global financial crisis of 2008-2009 National accounts

English

Publication Date:

March 7, 2013

ISBN/ISSN:

9781475557398/1018-5941

Stock No:

WPIEA2013060

Pages:

43

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