Deceptive Gyrations: Rebasing the Growth of the Nigerian Economy
Statistics are the magic, and the manna, of the economist. They are less reliable than weather forecasts; the meteorologist has a better chance of forecasting rainfall than an economist of forecasting economic growth. Things get even more testy over the issue of Gross Domestic Product, that great calculator of a nation’s economic output. The proof, in this case, lies outside the pudding, rather than in it.
