The OECD Weekly Tracker of GDP provides real-time estimates of “weekly GDP” using machine learning and Google Trends. It has a wide country coverage of OECD and G20 countries. The Tracker is thus particularly well suited to assessing activity during the turbulent period of the current global pandemic. It applies a neural network to a panel of Google Trends data for 46 countries and aggregates together information about search behaviour related to consumption, labour markets, housing, trade, industrial activity and economic uncertainty. It has proven a source of valuable policy insights along 2021.The working paper introduces the OECD Weekly Tracker of economic activity for 46 OECD and G20 countries using Google Trends search data.
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