15 april 2015 International seminar on early warning and business cycle indicators Frank Heemskerk Staatssecretaris van Economische Zaken.

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Presentation transcript:

15 april 2015 International seminar on early warning and business cycle indicators Frank Heemskerk Staatssecretaris van Economische Zaken

15 april 2015 Ministerie van Economische Zaken Outline From economic summer to economic winter overnight 3 trends What have we missed?

15 april 2015 Ministerie van Economische Zaken Trend 1: Rapid growth of short-term economic indicators Consumer and producer confidence International collaboration Efficient data collection International comparability While reducing administrative burden

15 april 2015 Ministerie van Economische Zaken Trend 2: Direct availability of indicators to the public Wide-spread availability of data News channels and internet transfer data directly to a large public Education on economic statistics improved: Business Cycle Tracer

15 april 2015 Ministerie van Economische Zaken

15 april 2015 Ministerie van Economische Zaken Third trend desirable Answer to growing demand for data interpretation How can data improve our global warning system? How can this help us to avert new downturns?

15 april 2015 Ministerie van Economische Zaken Good luck and have a fruitful seminar!