Unable to resolve module `perf_hooks`

I am trying to use perf_hooks from the nodeJS Performance API in my React Native project. Below is my code

import {performance} from 'perf_hooks';export const measure = (  target: Object,  propertyKey: string,  descriptor: PropertyDescriptor) => {  const originalMethod = descriptor.value;  descriptor.value = function (...args) {    const start = performance.now();    const result = originalMethod.apply(this, args);    const finish = performance.now();    console.log(`Execution time: ${finish - start} milliseconds`);    return result;  };  return descriptor;};

I keep getting the same error.error: bundling failed: Error: Unable to resolve module perf_hooks from src/utils/metrics.ts: perf_hooks could not be found within the project.

Performance API is available from node version 8.x and my node -v response is 10.16.1.

I see that there is perf_hooks present in my node_modules as well under the @types/node/perf_hooks folder.