MOSCOW: Reports that Russia’s economy ministry is set to take control of the national statistics agency has sparked fears that indicators crucial to monitoring the country’s economic woes could become skewed.
Data from the Rosstat state statistics agency has been key in measuring the extent of the country’s economic crisis, triggered three years ago by tumbling oil prices and Western sanctions over Ukraine, and is thus key to forecasts about when recovery is possible.
With Russians worried about their shrinking purchasing power and a presidential election due next year, perceptions about the economy and its outlook are touchy topics.
Enter into this volatile …read more
Source: The News International
