By Alexander Apostolides on August 13, 2009

Phileleutheros Today

Phileleutheros has a article to today "Ανάπτυξη με ρυθμούς του... 1970" arguing that the GDP might well be negative. The funny thing that the average annual growth rate of the decade was 3.5% per cent, a very respectable considering that the invasion eliminated more than forty per cent of GDP. It was Europe and Greece in particular who had slow growth during the 1970s. It would not have hurt Phileleutheros if they did their research before re-publishing titles used in Greece.

4 comments:

  1. Yes. It is a clear copy of the article for Greece, without checking the back up data (Cyprus is not Greece and a similar sign in an indicator does not mean they can be analysed in the same way). Anyway, the quarterly GDP is a new fruit in Cyprus - They only recently mastered the methodology to calculate it at CYSTAT.

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  2. According to the OECD book on GDP i have here (published 2007), the accuracy of a final version GDP for an advanced country is +/- 2, for a flash estimate it can me much more than that - i estimate GDP for a living and I trust CYSTAT's results but they themselves are keen to show that they are flash estimates - they are probably right in pointing the direction but not magnitude.

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  3. Πολύ ωραίο άρθρο.

    Μπλόγκ | Εσύ γράφεις;
    http://www.mplogk.com

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  4. Ευχαριστώ πολύ για τα καλά σας λόγια.

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