more-inThere was a collective sigh of relief when the second quarter GDP data were released officially by the Central Statistics Office (CSO). Devil’s in the detailAll these responses of being assured that we had turned a corner are justified if we see some of the positive details from the GDP data. To that extent an upward revision of the GDP data is possible in the future. The stock market has been scaling new peaks, even though GDP growth had been declining. Whereas the GDP data released by the government describe what happened two or three months ago.

Source: The Hindu December 01, 2017 18:22 UTC