World Pandemic Uncertainty Index for Ireland
WUPIIRL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1996 - 4/1/2025
Summary
The World Pandemic Uncertainty Index for Ireland measures economic policy uncertainty related to the COVID-19 pandemic. It is a key indicator for understanding the impact of the public health crisis on Ireland's economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The World Pandemic Uncertainty Index for Ireland is a daily indicator that tracks policy-related economic uncertainty stemming from the COVID-19 pandemic. It is calculated based on newspaper coverage of policy-related economic uncertainty.
Methodology
The index is constructed using automated text-mining of domestic Irish newspaper articles.
Historical Context
This metric provides real-time insights into how the pandemic is affecting economic policymaking and markets in Ireland.
Key Facts
- The index was launched in March 2020 at the start of the COVID-19 pandemic.
- Higher index values indicate greater policy uncertainty related to the pandemic.
- Ireland's index has shown elevated uncertainty levels throughout the public health crisis.
FAQs
Q: What does this economic trend measure?
A: The World Pandemic Uncertainty Index for Ireland measures policy-related economic uncertainty stemming from the COVID-19 pandemic in Ireland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides real-time insights into how the pandemic is impacting economic policymaking and markets in Ireland, which is crucial for understanding the country's economic outlook.
Q: How is this data collected or calculated?
A: The index is constructed using automated text-mining of domestic Irish newspaper articles.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and investors use this index to gauge the level of uncertainty surrounding Ireland's economic policy decisions during the pandemic.
Q: Are there update delays or limitations?
A: The index is published daily, providing timely information on pandemic-related uncertainty in Ireland's economy.
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Citation
U.S. Federal Reserve, World Pandemic Uncertainty Index for Ireland (WUPIIRL), retrieved from FRED.