FORECASTING TURNING POINTS WITH COMPOSITE LEADING INDICATORS -THE CASE OF POLAND
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This paper concerns the problem of short-term forecasting of economic activity. With the use of Composite Leading Indicators the business cycles of Polish economy are forecasted for 1992-2007 and confronted with real data. Results of Composite Leading Indicator analysis conducted for the end of 2007 suggest possible downturn phase at the beginning of 2008.
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