How can we measure the economy in the digital era?
Digital technology has improved our well-being in ways that are difficult to measure in monetary terms. Not all the effects of digitalisation are fully reflected in GDP.
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Long-term growth from a productivity and employment perspective
Global trends in international trade and technological advances will shape output and employment structures. Accelerating automation raises concerns over a long-term reduction in work, falling wages and increasing inequality.
How do we know where the economy is heading today?
Precise information on the current state of the economy comes only with a considerable time delay, although many economic decisions require the support of real-time data. Before official statistics are released, the situation is nowcast using short-term forecasting models.