We document that aggregate accounting earnings growth is an incrementally significant leading indicator of growth in nominal Gross Domestic Product (GDP). Professional macro forecasters, however, do not fully incorporate the predictive content embedded in publicly available accounting earnings...

As the COVID-19 pandemic hit EU countries, the economic impact rapidly became a second area of concern both for politicians and for citizens. The release of quarterly national accounts aggregates, which give an integrated picture of the economic situation, was eagerly anticipated by users of...