The coronavirus pandemic is messing with how economic data is produced, and making it hard to work out how badly it's hitting the global economy, the IMF says
The coronavirus pandemic is messing with how economic data is produced, and making it hard to work out how badly it's hitting the global economy, the IMF saysThe coronavirus is skewing economic data and making it hard to collect, which is in turn making it difficult to understand the full scale of the virus' impact on the world economy, the International Monetary Fund said this week.
The IMF's comments come at a crucial time for economies, with many of them reporting Gross Domestic Product figures as they assess how badly COVID-19 has impacted activity and make predictions for the coming year. The pandemic has likely thrust the global economy into recession, with almost all major economies already seeing huge contractions so far in 2020.A part-time real-estate investor quit his traditional job 5 years after snagging his first deal.
"These disruptions mean that data on prices and production - critical for calibrating monetary policy and fiscal stimulus measures - may either be delayed or have to be estimated based on partial information.""When a government provides financial support to companies affected by COVID-19, is it making a financial investment or is it providing subsidies with no return expected?"
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