Weather conditions are no longer just environmental concerns; they are fundamental drivers of economic performance. The relationship between "weather" and "GDP" is typically analyzed through three primary lenses:
These allow researchers to include high-frequency weather data to generate current growth estimates more accurately than traditional subjective judgments. devan weathers gdp
To mitigate these risks, economists use nowcasting and econometric models to predict GDP growth amid climate volatility. devan weathers gdp