Nowcasting of Economic Development Indicators Using the NBU’s Business Survey Results
a National Bank of Ukraine, Kyiv, Ukraine
Abstract

The article was devoted to the research of possibilities to use Business Outlook Survey results, which are carried out by National Bank of Ukraine, for the short-term forecasting of economic development, in particular, the Gross Domestic Product of Ukraine. The different methods of building of the leading index of economic development, their advantages, and their restrictions are examined. The choice of the best index, which provides for the higher accuracy of forecasting the GDP, is carried out with the use of econometric models.

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Avaliable online 30 March 2016
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Cite as: Lysenko, R., Kolesnichenko, N. (2016). Nowcasting of Economic Development Indicators Using the NBU’s Business Survey Results. Visnyk of the National Bank of Ukraine, 235, 43-56. https://doi.org/10.26531/vnbu2016.235.043
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