Governments are losing monopoly over economic statistics; it means markets better-informed now

October 13, 2014 

Offering a yielding handto politicians
Politicians love to show better economic performance pictures to their voters. The statistics-producing bodies of governments love to please politicians by generating exactly the reports which the latter would welcome.
This joint manoeuvring should be checked by private sector institutions which have to act as a counter force. But in many countries, trade chambers love to endorse such massaged-up reports possibly they are more interested in winning favours from politicians than having credible economic numbers.
Thus, the game ploy continues without interruption until things become totally unmanageable. At that stage, the systems do not answer to ordinary policies. If they are to be remedied, extraordinarily painful harsh policies have to be adopted.

Governments Are Losing Monopoly Over Economic Statistics It Means Markets Better-Informed Now by Thavam