The TID value has increased to some extent compared to the level of 3.87 in 2022Q1 and is showing a favorable trend, with the expectation of recovering to the level before COVID-19 in 2023Q2.
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Research on China insurance demand forecasting: Based on mixed frequency data model.
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Third, from the perspective of nowcasting and short-term forecasting, China’s TID is expected to return to its pre-COVID-19 level in 2023Q1, suggesting that TID will show a positive trend shortly.