{
  "title": "High-Frequency Indicators and GDP Nowcasting in Andorra",
  "publication": "Selected Issues Papers, May 15, 2026",
  "sourceUrl": "https://www.imf.org/en/publications/selected-issues-papers/issues/2026/05/15/high-frequency-indicators-and-gdp-nowcasting-in-andorra-576142",
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  "summary": "High-frequency signals for Andorra were combined into a timely real-time estimate of quarterly GDP growth using a mixed-frequency nowcasting model. The resulting framework delivers a transparent, nowcast of quarterly GDP growth together with uncertainty bands.",
  "sections": [
    {
      "heading": "Summary and purpose",
      "content": "- High-frequency signals for Andorra were combined into a timely real-time estimate of quarterly GDP growth using a mixed-frequency nowcasting model.\n- The resulting framework delivers a transparent nowcast of quarterly GDP growth together with uncertainty bands.\n- The framework can also be used for near-term scenario analysis."
    },
    {
      "heading": "Methodology and model features",
      "content": "- Mixed-frequency nowcasting model combining multiple high-frequency indicators.\n- Produces real-time estimates of quarterly GDP growth.\n- Outputs include uncertainty bands around the nowcast."
    },
    {
      "heading": "Applications and use cases",
      "content": "- Timely real-time monitoring of quarterly GDP growth for Andorra.\n- Near-term scenario analysis based on the nowcast framework."
    },
    {
      "heading": "Key subjects and analytical scope",
      "content": "- Consumption\n- Cyclical indicators\n- Economic growth\n- Economic sectors\n- Employment\n- Labor\n- National accounts\n- Tourism"
    },
    {
      "heading": "Keywords and technical terms",
      "content": "- Andorra\n- Consumption\n- Cyclical indicators\n- Dynamic Factor Models\n- Employment\n- GDP\n- High-Frequency indicator\n- High-Frequency Indicators\n- IMF country\n- IMF staff\n- issues paper\n- Mixed-Frequency Models\n- Nowcasting\n- NowHub team\n- Small Open Economies\n- Tourism\n\n---\n\n Content in this bundle\n\n- Sipea2026039\n  - Sipea2026039 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Sipea2026039 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/selected-issues-papers/issues/2026/05/15/high-frequency-indicators-and-gdp-nowcasting-in-andorra-576142"
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    "Authors: Mariarosaria Comunale",
    "Published: May 15, 2026",
    "Series: Selected Issues Papers",
    "Volume: 2026",
    "Issue: 039",
    "Pages: 19",
    "DOI: https://doi.org/10.5089/9798229046602.018",
    "High-frequency signals for Andorra were combined into a timely real-time estimate of quarterly GDP growth using a mixed-frequency nowcasting model.",
    "The resulting framework delivers a transparent nowcast of quarterly GDP growth together with uncertainty bands.",
    "The framework can also be used for near-term scenario analysis.",
    "Mixed-frequency nowcasting model combining multiple high-frequency indicators.",
    "Produces real-time estimates of quarterly GDP growth.",
    "Outputs include uncertainty bands around the nowcast.",
    "Timely real-time monitoring of quarterly GDP growth for Andorra.",
    "Near-term scenario analysis based on the nowcast framework.",
    "Consumption",
    "Cyclical indicators",
    "Economic growth",
    "Economic sectors",
    "Employment",
    "Labor",
    "National accounts",
    "Tourism",
    "Andorra",
    "Consumption",
    "Cyclical indicators",
    "Dynamic Factor Models",
    "Employment",
    "GDP",
    "High-Frequency indicator",
    "High-Frequency Indicators",
    "IMF country",
    "IMF staff",
    "issues paper",
    "Mixed-Frequency Models",
    "Nowcasting",
    "NowHub team",
    "Small Open Economies",
    "Tourism",
    "**Sipea2026039**"
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