U.S. economic data reliability is declining due to low survey response rates, shrinking agency budgets, and political interference, according to MIT Sloan research that warns policymakers, investors, and the public could make poor decisions based on inaccurate statistics. Researchers recommend businesses use private data cautiously to complement official statistics and speak up against policies undermining the integrity of government data collection.
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U.S. economic data reliability is declining due to low survey response rates, shrinking agency budgets, and political interference, according to MIT Sloan research that warns policymakers, investors, and the public could make poor decisions based on inaccurate statistics. Researchers recommend businesses use private data cautiously to complement official statistics and speak up against policies undermining the integrity of government data collection.