The cheek of the Central Bank questioning the CSO's GDP figures!

Brendan Burgess

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The Irish Times reports

"The Irish Times has learned Prof Lane met the CSO on Monday and made known his concerns that the GDP growth figures do not accurately reflect economic activity in Ireland."

But yet the Central Bank continues to publish misleading data on new mortgage rates in Ireland.

Central Bank telling the truth some months and lies other months about mortgage rates

Surely the CSO's excuse is the same as the Central Bank's:

"The results are compiled in accordance with the latest EU standard framework, ESA 2010."

Of course, neither the CSO or the Central Bank should publish such nonsense without admitting up front that this is nonsense. Maybe they need to publish the figures in accordance with the rules, but they should simultaneously publish figures adjusted to show the reality.

Brendan
 
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