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Economists don’t know what’s going on

The British government has launched an investigation into the Office for National Statistics. Last month the ONS found errors in some numbers that underpin its GDP calculations, and investors no longer trust its monthly jobs report. The episode hints at a wider trend: global economic data have become alarmingly poor.

Not just Trump: Asia has a trade problem of its own making

British fintech Revolut tops $1 billion in profit as revenue jumps 72%