a minute agoAmerica data cuts increase global concerns
Periskopi(8 months ago)
(8 months ago)The break-up of several government agencies in the United States has halted publishing official economic data, creating concerns even abroad, especially in countries like Japan and others dependent on American information for their economic decision making. Banishment is making it difficult for policymakers outside the United States, as [...]
Banishment is making it difficult to judge policymakers outside the United States, as lack of data on the American economy affects forecasts of currency, trade and inflation in their countries, Klankosova.tv broadcasts.
Experts say that what happens in America does not remain alone, as lack of information is endangering institutional credibility and complicates economic decisions at a time when countries are facing changes in global trade.
The World Bank and the International Monetary Fund have warned that lack of transparency and data could lead to significant mistakes in politics, stressing the consequences this could have for the global economy.
