IMF says pandemic may skew economic data and cause them to be less accurate
A store stands closed near Wall Street as the coronavirus keeps financial markets and businesses mostly shut on May 08, 2020 in New York City.
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“Accurate and timely economic data are crucial for informing policy decisions, especially during a crisis. But the COVID-19 pandemic has disrupted the production of many key statistics,” the fund said in a blog post this week.
The coronavirus disease, formally known as Covid-19, first emerged in the Chinese city of Wuhan last December. It has since infected around 5.8 million people and killed more than 360,000 globally, according to data compiled by Johns Hopkins University.
“Without reliable data, policymakers cannot assess how badly the pandemic is …continued .
[Source: CNBC News]