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A theory is appropriate as long as it fits into the fact; when a theory doesn't fit in the fact, it's wise to walk with the fact.

Monday, February 10, 2014

Alternative Growth Analysis?

Though the analysis in this article (GDP Growth Debate, by Ahsan H. Mansur) rightly captured the dynamics of output loss during the recent political conflict, however its assumptions look over-simplistic: the analysis unnecessarily gives more weights to the loss without considering the fast recovery effort by both public and private sectors. Also, all the happenings took place in H1 of the fiscal year, meaning the scope for considerable economic progress in H2. Whatever the analysis is, the 5.0% GDP growth projection is too less to agree. Anyway, alternative readings are always good appetite.  

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