Saudi Arabia and UAE are now included as part of our international macro forecasts. They are now also included in our World aggregates and Middle East/Africa aggregate.
Furthermore, to ensure the highest quality forecasts, Moody's Analytics will periodically add forecasts for series for which country data become available, as well as revise them based on changes to how they are reported from their national offices. Equation specifications, as well as implications for other parts of our forecasts, may also appear in Mnemonic 411.
The added and removed baseline series are as follows. The corresponding alternative scenarios are similarly affected.
Data changes
- Eurostat population projections were updated, resulting in changes for our population forecasts for European union countries and Norway.
- We changed the source of population projections for Australia, China, Switzerland, Russia, and Turkey the Bureau of Census International Database to the World Bank.
- Russian national accounts were rebased to 2016 base year.
- Owing to revisions in structural business statistics, Ireland retail sales were revised up substantially. (FRTSALESL?Q.IIRL)
- Major revisions occurred in Uruguay’s unemployment rate and the number of unemployed. (FLBRQ.IURY, FLBUQ.IURY)
- Major revisions occurred in Brazil’s labor data as well as average earnings. (FLB?.IBRA)
Data additions
- We have seasonally adjusted all of our Current Accounts Balance history. (FTAB^Q.?)
- We have seasonally adjusted Estonia government finance interest payments (FGGEXPINTLQ.IEST)
- Capacity utilization for the euro zone. (FCUQ.IEUZN)
- New G7 aggregate with geo code IMAJ7. (F?.IMAJ7)
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