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?"
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
IMF says pandemic may skew economic data and cause them to be less accurateMany countries are releasing GDP data for the first three months of the year — when the coronavirus started to spread globally, but that data may not be as accurate.
Weiterlesen »
IMF says pandemic may skew economic data and cause them to be less accurateMany countries are releasing GDP data for the first three months of the year — when the coronavirus started to spread globally, but that data may not be as accurate.
Weiterlesen »
US records 1,297 coronavirus deaths in 24 hours - latest updatesAs US records 1,297 new Covid19 deaths, here are some other updates: 🇧🇷Brazil registers record 26,417 cases in a day 🇨🇳 China reports no new cases 🇰🇷South Korea reports 58 new cases For more:
Weiterlesen »
Gov. Cuomo Has ‘Good Conversation’ With Trump Over Federal AidNew York Gov. Cuomo said he met with President Trump and urged him to help speed up major infrastructure projects as the state works to restart its economy amid the coronavirus pandemic.
Weiterlesen »
Researchers Outside Medicine Have a New Focus: Covid-19Engineers, physicists, volcanologists and others who never dreamed they would work on a deadly pandemic are now part of the global effort to understand and contain the coronavirus.
Weiterlesen »