Stats NZ smackdown?

It may just be me, but this statement by Statistics New Zealand sounds like an (appropriate) smackdown of this speech from the RBNZ (which we discussed in terms of appropriateness here).

In his speech, the Governor had said that the Reserve Bank’s very rough analysis suggested that the measurement differences could mean our GDP was understated by up to 10 percent.

“Based on Statistics NZ’s detailed knowledge of measuring the economy, I am confident that any measured rise in GDP will be significantly less than that amount,” Mr Bascand said.

I have a word that describes that statement.  BOOM!

3 replies
  1. Miguel Sanchez
    Miguel Sanchez says:

    More like Bascand giving himself an uppercut. If Stats can already say with confidence how much difference these measurement changes will make, why do they need umpteen years to phase them in?

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