Harness Artificial Intelligence for Economic Intelligence
Extract of QuantCube Newsletter - China Edition - May 20, 2020
Looking at China, we can predict employment levels 8 months in advance of official values whilst maintaining a correlation of 94%. This is important as employment levels provide valuable insight into the overall health of an economy.
Following years of economic expansion, China began having difficulty maintaining its rapid growth in 2018 and reached record lows in terms of employment levels.
Despite some growth in the first half of 2019, the QuantCube employment nowcast accurately predicted even further declines during the second half of 2019 and early 2020.
The graphs show index levels dropped from 89.6 in June 2019 to 76.1 mid-February 2020 resulting from, amongst other things, the ongoing US-China trade war that hit Chinese companies engaged in international trade. Back to Use Cases