Article in Journal
Comment on the informative value of growth rates
Georg Goldrian
ifo Institut für Wirtschaftsforschung, München, 2005
in: ifo Schnelldienst, 2005, 58, Nr. 13, 47-48
ifo Institut für Wirtschaftsforschung, München, 2005
in: ifo Schnelldienst, 2005, 58, Nr. 13, 47-48
![](https://www.ifo.de/DocImg/ifosd_2005_13_6.jpg?c=1689236888)
Recently the Federal Statistical Office released the growth rate of real GDP for the first quarter of 2005, in which seasonally adjusted GDP grew by 1% over the previous quarter. Experts were surprised by the amount of growth. A closer look, however, shows that as a result of season adjustment the informative value of the growth rate is weakened.
JEL Classification: E000
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ifo Schnelldienst 13/2005
ifo Institut für Wirtschaftsforschung, München, 2005