Economic Recovery or A Statistical Illusion: Some observations on recent estimates of GDP growth

07 December, 2017, Vikas Rawal
On November 30th, the Central Statistical Office (CSO) came out with quarterly estimates of GDP for the second quarter (June to Sep) of 2017. Predictably, analysts and spokespersons of the government spent the evening in newsrooms of various TV channels celebrating what they claimed was a sign of revival of the economy.

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