Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Economic forecasting is not a science -Prashanth Perumal    </title>
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-The Hindu

India lost its tag as the &lsquo;world&rsquo;s fastest-growing economy&rsquo; last month as its fourth quarter GDP growth fell to 6.1%, the slowest in two years. Very few economists expected the slowdown. In fact, most waited for the economy to..."/>
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-The Hindu

India lost its tag as the &lsquo;world&rsquo;s fastest-growing economy&rsquo; last month as its fourth quarter GDP growth fell to 6.1%, the slowest in two years. Very few economists expected the slowdown. In fact, most waited for the economy to..." />
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                            <div align="justify">-The Hindu<br /><br />India lost its tag as the &lsquo;world&rsquo;s fastest-growing economy&rsquo; last month as its fourth quarter GDP growth fell to 6.1%, the slowest in two years. Very few economists expected the slowdown. In fact, most waited for the economy to rebound as it quickly healed from the impact of the demonetisation of high-value rupee notes in November. Critics of demonetisation felt vindicated, particularly after GDP figures for the third quarter suggested that the shocking, overnight move to demonetise had very little negative impact.<br /><br />Yet, for all the sermon delivered by the country&rsquo;s punditry, the fact remains that macroeconomic forecasting is a lousy business &mdash; regardless of who makes the predictions. For one, data cannot prove or disprove any hypothesis as they do not establish causation. The mere fact that growth slowed in the first full quarter after demonetisation does not prove decisively that the slowdown was caused by demonetisation. As some have speculated, the current slump in the growth rate may be a continuation of the trend of slowing growth witnessed even before demonetisation. <br /><br />Please <a href="http://www.thehindu.com/opinion/op-ed/economic-forecasting-is-not-a-science/article18961495.ece?homepage=true" title="http://www.thehindu.com/opinion/op-ed/economic-forecasting-is-not-a-science/article18961495.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://www.thehindu.com/opinion/op-ed/economic-forecasting-is-not-a-science/article18961495.ece?homepage=true" class="re" target="_blank">The Hindu, 12 June, 2017, http://www.thehindu.com/opinion/op-ed/economic-forecasting-is-not-a-science/article18961495.ece?homepage=true</a><div class="clear"></div>
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-The Hindu

India lost its tag as the &lsquo;world&rsquo;s fastest-growing economy&rsquo; last month as its fourth quarter GDP growth fell to 6.1%, the slowest in two years. Very few economists expected the slowdown. In fact, most waited for the economy to..."/>
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                            <div align="justify">-The Hindu<br /><br />India lost its tag as the &lsquo;world&rsquo;s fastest-growing economy&rsquo; last month as its fourth quarter GDP growth fell to 6.1%, the slowest in two years. Very few economists expected the slowdown. In fact, most waited for the economy to rebound as it quickly healed from the impact of the demonetisation of high-value rupee notes in November. Critics of demonetisation felt vindicated, particularly after GDP figures for the third quarter suggested that the shocking, overnight move to demonetise had very little negative impact.<br /><br />Yet, for all the sermon delivered by the country&rsquo;s punditry, the fact remains that macroeconomic forecasting is a lousy business &mdash; regardless of who makes the predictions. For one, data cannot prove or disprove any hypothesis as they do not establish causation. The mere fact that growth slowed in the first full quarter after demonetisation does not prove decisively that the slowdown was caused by demonetisation. As some have speculated, the current slump in the growth rate may be a continuation of the trend of slowing growth witnessed even before demonetisation. <br /><br />Please <a href="http://www.thehindu.com/opinion/op-ed/economic-forecasting-is-not-a-science/article18961495.ece?homepage=true" title="http://www.thehindu.com/opinion/op-ed/economic-forecasting-is-not-a-science/article18961495.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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        LATEST NEWS UPDATES | Economic forecasting is not a science -Prashanth Perumal    </title>
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-The Hindu

India lost its tag as the &lsquo;world&rsquo;s fastest-growing economy&rsquo; last month as its fourth quarter GDP growth fell to 6.1%, the slowest in two years. Very few economists expected the slowdown. In fact, most waited for the economy to..."/>
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-The Hindu

India lost its tag as the &lsquo;world&rsquo;s fastest-growing economy&rsquo; last month as its fourth quarter GDP growth fell to 6.1%, the slowest in two years. Very few economists expected the slowdown. In fact, most waited for the economy to..." />
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                            <div align="justify">-The Hindu<br /><br />India lost its tag as the &lsquo;world&rsquo;s fastest-growing economy&rsquo; last month as its fourth quarter GDP growth fell to 6.1%, the slowest in two years. Very few economists expected the slowdown. In fact, most waited for the economy to rebound as it quickly healed from the impact of the demonetisation of high-value rupee notes in November. Critics of demonetisation felt vindicated, particularly after GDP figures for the third quarter suggested that the shocking, overnight move to demonetise had very little negative impact.<br /><br />Yet, for all the sermon delivered by the country&rsquo;s punditry, the fact remains that macroeconomic forecasting is a lousy business &mdash; regardless of who makes the predictions. For one, data cannot prove or disprove any hypothesis as they do not establish causation. The mere fact that growth slowed in the first full quarter after demonetisation does not prove decisively that the slowdown was caused by demonetisation. As some have speculated, the current slump in the growth rate may be a continuation of the trend of slowing growth witnessed even before demonetisation. <br /><br />Please <a href="http://www.thehindu.com/opinion/op-ed/economic-forecasting-is-not-a-science/article18961495.ece?homepage=true" title="http://www.thehindu.com/opinion/op-ed/economic-forecasting-is-not-a-science/article18961495.ece?homepage=true">click here</a> to read more. <br /></div>                                                           
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    <br><a href="http://www.thehindu.com/opinion/op-ed/economic-forecasting-is-not-a-science/article18961495.ece?homepage=true" class="re" target="_blank">The Hindu, 12 June, 2017, http://www.thehindu.com/opinion/op-ed/economic-forecasting-is-not-a-science/article18961495.ece?homepage=true</a><div class="clear"></div>
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Economic forecasting is not a science -Prashanth Perumal

Published on Jun 12, 2017   Modified on Jun 12, 2017

-The Hindu India lost its tag as the ‘world’s fastest-growing economy’ last month as its fourth quarter GDP growth fell to 6.1%, the slowest in two years. Very few economists expected the slowdown. In fact, most waited for the economy to rebound as it quickly healed from the impact of the demonetisation of high-value rupee notes in November. Critics of demonetisation felt vindicated, particularly after GDP figures for the third quarter suggested that the shocking, overnight move to demonetise had very little negative impact. Yet, for all the sermon delivered by the country’s punditry, the fact remains that macroeconomic forecasting is a lousy business — regardless of who makes the predictions. For one, data cannot prove or disprove any hypothesis as they do not establish causation. The mere fact that growth slowed in the first full quarter after demonetisation does not prove decisively that the slowdown was caused by demonetisation. As some have speculated, the current slump in the growth rate may be a continuation of the trend of slowing growth witnessed even before demonetisation. Please click here to read more.

The Hindu, 12 June, 2017, http://www.thehindu.com/opinion/op-ed/economic-forecasting-is-not-a-science/article18961495.ece?homepage=true

Tagged with: Gross Value Added (GVA) GDP estimates GDP growth GDP growth rate Economic forecasting Economic Growth

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