Treat First Data Releases with Caution, Says Lecturer

Business Report - 20 October 2006

The release of important economic data always makes headlines. But Corne van Walbeek, a senior lecturer at the University of Cape Town (UCT), warned yesterday that the statistical authorities and the financial press should treat initial releases with caution. Van Walbeek, of UCT's school of economics, raised the issue in a paper presented at a conference arranged by the Development Policy Research Unit [and Trade & Industrial Policy Strategies].