Sunday, November 23, 2014

23/11/2014: Half of Irish Growth Miracle is Accounting Trickery?

Those who read this blog, follow me on twitter or heard me speak recently at the conferences covering Irish economy would know that I have consistently estimated about 1/2 of Irish H1 2014 growth figures to be attributable to something strange that is happening between the official trade statistics we get for goods exports and the national accounts estimate of same exports. The gap is massive and is running now at roughly 7 times the historical average gap.

You can also see some of the same discussion here:

And in print here:

Now we have another economist pointing the same, except this time via the august Irish Times platform that is, of course, off-limits for myself.

Still, good to see someone else, especially from the Officially Approved Economists' list, is putting forward same arguments via the Official Paper of Record... Here is their link:

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