Quarterly GDP Revisions in G-20 Countries

Quarterly GDP Revisions in G-20 Countries

Evidence from the 2008 Financial Crisis

by Mr. Manik L. Shrestha, Mr. Marco Marini

43 pages· 2013· ISBN 9781475598612
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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.

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