A statistical witch-hunt
GDP is a measure of the value addition, not output. The problem lies there and not in CSO’s advance estimates
It was disturbing to read how the czars of economic policy ganged up against the Central Statistical Office (CSO) and rubbished its advance estimates of gross domestic product (GDP) growth at 5% in 2012-13. The all-round attack on the CSO’s forecast can only be a measure of the desperation, or an indication of ignorance, or both.