Nowcasting Turkey's macroeconomic indicators

Gross Domestic Product's (GDP) is an important variable to determine the economic situation of the country therefore governments and central banks need to have an accurate and timely assessment of GDP. In this study seven different nowcasting models is applied in oder to forecast Turkish GDP growth rate for the current quarter. Thus it has been tried to determine which method is more appropriate for Turkey. Therefore, accurate and reliable nowcast will be produced through a method appropriate to data set in our country. Nowcasting methods used in the study were compared statistically and their differences were revealed.