The Economist claims American GDP statistics are becoming less reliable

The Economist says that: America’s GDP statistics are becoming less reliable. “Balancing reliability and timeliness is hard, however. The BEA releases its advance estimate about a month after the quarter has ended. By its own admission, it relies on incomplete data and projections of trends to meet this deadline. The second and third estimates follow at monthly intervals. Other offices operate more slowly: the Australian Bureau of Statistics waits three months before issuing its first numbers and does not release regular revisions.”


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