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UBS On-Air: Paul Donovan Daily Audio 'Dodgy data does not change the story'
Published 1 year, 2 months ago
Description
Third quarter GDP data comes out of some European economies, and the US. The data will be wrong because (as recent US revisions so clearly demonstrated) economic statistics fail to capture the rapid pace of structural economic change. Comparing headline GDP in countries like Italy and Germany (declining populations) with countries like the US (rising population) is unfair.