Transcript P1.1

International
seminar on
early warning and
business cycle
indicators
Frank Heemskerk
Staatssecretaris van
Economische Zaken
23 juli 2016
Outline
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From economic summer to economic winter overnight
3 trends
What have we missed?
Ministerie van Economische Zaken
23 juli 2016
Trend 1:
Rapid growth of short-term economic
indicators
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Consumer and producer confidence
International collaboration
Efficient data collection
International comparability
While reducing administrative burden
Ministerie van Economische Zaken
23 juli 2016
Trend 2:
Direct availability of indicators to the public
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Wide-spread availability of data
News channels and internet transfer data directly to a large
public
Education on economic statistics improved: Business Cycle
Tracer
Ministerie van Economische Zaken
23 juli 2016
Ministerie van Economische Zaken
23 juli 2016
Third trend desirable
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Answer to growing demand for data interpretation
How can data improve our global warning system?
How can this help us to avert new downturns?
Ministerie van Economische Zaken
23 juli 2016
Good luck and
have a fruitful
seminar!
Ministerie van Economische Zaken
23 juli 2016