Forecasting is crucial for the European Commission's macro-economic decision making.
The Nowcasting team of the European Commission Joint Research Centre works with other organizations to develop and use econometric methods for nowcasting and forecasting. These methods use real-time data, including big data, to quickly identify changes in GDP and other important indicators.
The Nowcasting dashboard shows the group's ongoing activities. They are mainly related to:
- GDP real-time monitoring
- Inflation forecasting
- Nowcasting regional economic activity
Nowcasting uses current data to predict economic trends as they happen.
(C) Dilok_AdobeStock (modified)
2nd Big Data and Economic Forecasting workshop - 16-17 March 2021
1st Big Data and Economic Forecasting workshop - 16-17 May 2019
Agenda - 1st Big Data and Economic Forecast workshop
Call for papers - 1st Big Data and Economic Forecast workshop
Kick-off workshop Big Data and Economic Forecasting - 11-12 June 2018
Agenda - Kick-off workshop Big Data and Economic Forecasting
