Trump Is Undermining Trust in Official Economic Statistics. China Shows Where That Path Can Lead

President Trump’s repeated attacks on official economic statistics, such as the unemployment rate and GDP growth, are eroding trust in the data that policymakers and investors rely on to make informed decisions.

By casting doubt on the accuracy of these figures, Trump is sowing confusion and undermining the credibility of the institutions responsible for collecting and analyzing economic data.

In China, where official economic statistics are often viewed with skepticism due to government manipulation, the consequences of this lack of trust can be dire.

Investors and businesses may hesitate to make decisions based on unreliable data, leading to market volatility and economic instability.

Without accurate and trustworthy economic statistics, policymakers may struggle to formulate effective strategies to address economic challenges and promote growth.

Trump’s attacks on official economic statistics risk undermining the integrity of the data that underpins our financial system and economy.

It is crucial for both government officials and the public to have confidence in the data that informs economic decision-making.

By following China’s example and allowing skepticism and distrust to fester, we risk heading down a dangerous path that could have far-reaching consequences for our economy.

It is imperative that we uphold the integrity of official economic statistics and resist efforts to undermine their credibility for political gain.