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Economic growths of ASEAN-5 countries impacted by global and domestic credit risks

Economic growths of ASEAN-5 countries impacted by global and domestic credit risks
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The economic growths of all except for Indonesia respond significantly to either global or domestic credit risk movements, or both. Not surprisingly, inclusion of more updated and readily available credit risk assessments arriving intra-quarter can, in a spirit similar to nowcasting, further boost the model’s forecasting performance on economic growths.

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