Recently, I saw Bloomberg post on X about a rather concerning issue: reliable economic data is becoming increasingly scarce. This is not a small matter.

When forecasting the next economic downturn, analysts need to combine both art and science. But now, the lack of accurate information about the current state of the economy and financial system makes this task extremely difficult. When the economy is struggling and data to monitor it is missing, predicting financial crises becomes almost impossible.

The problem here is: policymakers and analysts are increasingly finding it difficult to make informed decisions. Access to comprehensive economic data has decreased, making forecasts more uncertain than ever. This raises serious concerns about the ability to effectively manage potential economic risks in the future.