Asian Development Bank (Analytical FORECAST complex)

The Prognoz company successfully performed delivery and implementation of macroeconomic model of China for the benefit of the Chinese representative office of Asian Development Bank. Specialists of bank gave appreciation to the application which will facilitate work on formation and updating of the quarterly overview of economy of China prepared by bank. The application is based on monthly and quarter indicators and calculates the forecast of key macroindicators of the People's Republic of China for the short-term period (2009-2010). The model covers the monetary and currency sector, public finances, the pricing block, foreign trade, the industry, investments into fixed capital and GDP. She allows to create forecast scenarios and also to imitate influence of interest rates, exchange rates, public expenditures, gold and foreign exchange reserves on macroeconomic indicators. Special attention of experts of Asian Development Bank was deserved by a possibility of scenario forecasting: the user can set own scenario values for managing variables. Using such scenarios analysts gain a comprehensive impression about trends of development of macroeconomic of China.