Garnitz, Johanna; Lehmann, Robert; Wohlrabe, Klaus - In: Applied Economics 51 (2019) 54, pp. 5802-5816
, we use a free and instantaneous available source of leading indicators, the ifo World Economic Survey (WES), to forecast … growth of Gross Domestic Product (GDP) in 44 countries and three country aggregates separately. We come up with three major … the major WES indicators produces on average lower forecast errors compared to a benchmark model. Second, the most …