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UBS On-Air: Paul Donovan Daily Audio 'Data, and why data dependency is bad'
Published 1 year, 3 months ago
Description
The US offers the “final” revisions to second-quarter GDP alongside annual data revisions. Declining real-time date reliability means that revisions matter to economists. US growth data is generally underestimated quite a bit, in the early releases. This problem may increase in the future—for instance, budget cuts mean that labor market data is likely to become less reliable.