Beneath the surface : uncovering "true" growth and inflation

<?xml version="1.0" encoding="UTF-8"?><modsCollection xmlns="http://www.loc.gov/mods/v3" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-8.xsd">
<mods version="3.8">
<titleInfo>
<nonSort xml:space="preserve">Bene </nonSort>
<title>ath the surface</title>
<subTitle>: uncovering "true" growth and inflation</subTitle>
</titleInfo>
<typeOfResource>text</typeOfResource>
<originInfo>
<place>
<placeTerm type="code" authority="marccountry">deu</placeTerm>
</place>
<issuance>monographic</issuance>
<place>
<placeTerm type="text">Adliswil, Swiss</placeTerm>
</place>
<publisher>Swiss Re Institute</publisher>
<dateIssued>2022</dateIssued>
</originInfo>
<language>
<languageTerm type="code" authority="iso639-2b">eng</languageTerm>
</language>
<physicalDescription>
<form authority="marcform">print</form>
<extent>2 p</extent>
</physicalDescription>
<abstract displayLabel="Summary">Forecasts for GDP growth or inflation can be skewed by "carry-over effects", in which the prior year's growth dynamics impact the current year's forecast. We see this in our 2022 real GDP forecasts, which make our numbers look higher than the "true" growth this year. In 2023 this effect should reverse for GDP growth  but should intensify for inflation. "True" growth and inflation are key to watch in volatile economic periods like today</abstract>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080597641">
<topic>Mercados financieros</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080551346">
<topic>Inflación</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080586294">
<topic>Mercado de seguros</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080600648">
<topic>Crecimiento económico</topic>
</subject>
<classification authority="">92</classification>
<relatedItem type="series">
<titleInfo>
<title>Economic insights</title>
<partNumber>Issue 21/2022</partNumber>
</titleInfo>
</relatedItem>
<relatedItem type="series" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20190002226">
<titleInfo>
<title>Economic Insights</title>
</titleInfo>
</relatedItem>
<recordInfo>
<recordContentSource authority="marcorg">MAP</recordContentSource>
<recordCreationDate encoding="marc">211005</recordCreationDate>
<recordChangeDate encoding="iso8601">20220926091442.0</recordChangeDate>
<recordIdentifier source="MAP">MAP20220025201</recordIdentifier>
<languageOfCataloging>
<languageTerm type="code" authority="iso639-2b">spa</languageTerm>
</languageOfCataloging>
</recordInfo>
</mods>
</modsCollection>