Party leaders might dismiss gloomy statistics to bolster confidence in the economy. But it has the opposite effect.
However bad the numbers had previously been expected to be, investors and the general public can now reasonably assume they’re worse. We know this thanksGoolsbee, who became the president of the Federal Reserve Bank of Chicago in January, actually made this observationsome embarrassing metrics during. “If there was a little bit of wiggle room, you’d think they would wiggle it and just release the numbers,” Goolsbee said.
The Chinese government has not only nuked its own data; it has also tried to quash independently produced statistics and analyses. For example, last year, ahead of that same party confab, it operating in the country to avoid publishing economic reports on anything that might be considered politically sensitive. Such as, presumably, how the economy was not doing great.already
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