It is fascinating to see all these outside predictions for the Russian and Chinese economies. Even before the “data” from these countries were given and now withheld I can only imagine even then they were not accurate.
I realize there is some back engineering people can do to try and find out some information, but even then how accurate of a picture can it be.
To me the most telling is the amount of data they used to provide (true or not), and how little they do now
I was listening to Bloomberg this evening on my drive home. someone was reporting on China and their goal for 5% growth. The speaker (American?) said it was more likely to be 2.5% to 3%. There was also mention of Chinese government efforts to help make the housing market more affordable, and some other system wide move that I don’t remember or did not hear clearly.