Intervals for STATEC forecasts

The aim of the project is to analyse the accuracy of the macroeconomic forecasts for the Luxembourg economy published by STATEC and to estimate prediction intervals for forecasts of key macroeconomic variables using multivariate econometric models. The set of variables will comprise the growth of real GDP, the growth of employment and the rate of consumer-price inflation on an annual basis. The set of forecasts will comprise the spring and the autumn releases for the current and the following year.