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\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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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

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 | There’s Nothing to Celebrate About Q2 GDP Estimates -Prabhat Patmaik    </title>
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The statistics are dubious because there is a substantial increase in GDP under the head &ldquo;discrepancies&rdquo;, which is synonymous with errors and omissions.

It is ironic that government spokespersons should exhibit so much euphoria over the second quarter (July-September) gross domestic..."/>
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The statistics are dubious because there is a substantial increase in GDP under the head &ldquo;discrepancies&rdquo;, which is synonymous with errors and omissions.

It is ironic that government spokespersons should exhibit so much euphoria over the second quarter (July-September) gross domestic..." />
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                            <p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>The statistics are dubious because there is a substantial increase in GDP under the head &ldquo;discrepancies&rdquo;, which is synonymous with errors and omissions.</em></p><p style="text-align:justify">It is ironic that government spokespersons should exhibit so much euphoria over the second quarter (July-September) gross domestic product (GDP) estimate, which shows a drop &ldquo;only&rdquo; of 7.5% compared with the second quarter 2019-20. The expectation had been that the drop would be larger, about 8 to 9%; and as the first quarter drop had been 23.9%, the talk has been of a &ldquo;stronger recovery&rdquo; than anticipated. The irony, however, is that on closer look the recovery appears both dubious, as well as immiserising and hence fragile.</p><p style="text-align:justify">It is dubious because there is a substantial increase in GDP under the head &ldquo;discrepancies&rdquo;, which is synonymous with errors and omissions. If we assume that the same absolute figure for errors and omissions holds for Q2 2020-21, as was the case for Q2 2019-20, then the decline between the two quarters is 8.7%, as was anticipated earlier, instead of the 7.5% that the National Statistics Office (NSO) estimates show. Thus the entire claim of a &ldquo;stronger recovery&rdquo; is statistically dubious.</p><p style="text-align:justify">But let us assume for the present that the GDP figure is correct and examine it further. Obviously, since there had been a sharp reduction in output because of the lockdown, some recovery from it was inevitable; the important question is what factors have contributed to that recovery.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/nothing-in-celebrate-about-GDP-Estimates?fbclid=IwAR22BLcdAMehrQ_rHwBnKhqgxRpzlRTHLvr5Grn4-HoUXn2zVD8zJt0N7Oc" title="https://www.newsclick.in/nothing-in-celebrate-about-GDP-Estimates?fbclid=IwAR22BLcdAMehrQ_rHwBnKhqgxRpzlRTHLvr5Grn4-HoUXn2zVD8zJt0N7Oc">click here</a> to read more.</p>                                                           
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        LATEST NEWS UPDATES | There’s Nothing to Celebrate About Q2 GDP Estimates -Prabhat Patmaik    </title>
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The statistics are dubious because there is a substantial increase in GDP under the head &ldquo;discrepancies&rdquo;, which is synonymous with errors and omissions.

It is ironic that government spokespersons should exhibit so much euphoria over the second quarter (July-September) gross domestic..."/>
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The statistics are dubious because there is a substantial increase in GDP under the head &ldquo;discrepancies&rdquo;, which is synonymous with errors and omissions.

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    <h1 class="cat-box-title">There’s Nothing to Celebrate About Q2 GDP Estimates -Prabhat Patmaik</h1>
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                            <p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>The statistics are dubious because there is a substantial increase in GDP under the head &ldquo;discrepancies&rdquo;, which is synonymous with errors and omissions.</em></p><p style="text-align:justify">It is ironic that government spokespersons should exhibit so much euphoria over the second quarter (July-September) gross domestic product (GDP) estimate, which shows a drop &ldquo;only&rdquo; of 7.5% compared with the second quarter 2019-20. The expectation had been that the drop would be larger, about 8 to 9%; and as the first quarter drop had been 23.9%, the talk has been of a &ldquo;stronger recovery&rdquo; than anticipated. The irony, however, is that on closer look the recovery appears both dubious, as well as immiserising and hence fragile.</p><p style="text-align:justify">It is dubious because there is a substantial increase in GDP under the head &ldquo;discrepancies&rdquo;, which is synonymous with errors and omissions. If we assume that the same absolute figure for errors and omissions holds for Q2 2020-21, as was the case for Q2 2019-20, then the decline between the two quarters is 8.7%, as was anticipated earlier, instead of the 7.5% that the National Statistics Office (NSO) estimates show. Thus the entire claim of a &ldquo;stronger recovery&rdquo; is statistically dubious.</p><p style="text-align:justify">But let us assume for the present that the GDP figure is correct and examine it further. Obviously, since there had been a sharp reduction in output because of the lockdown, some recovery from it was inevitable; the important question is what factors have contributed to that recovery.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/nothing-in-celebrate-about-GDP-Estimates?fbclid=IwAR22BLcdAMehrQ_rHwBnKhqgxRpzlRTHLvr5Grn4-HoUXn2zVD8zJt0N7Oc" title="https://www.newsclick.in/nothing-in-celebrate-about-GDP-Estimates?fbclid=IwAR22BLcdAMehrQ_rHwBnKhqgxRpzlRTHLvr5Grn4-HoUXn2zVD8zJt0N7Oc">click here</a> to read more.</p>                                                           
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        LATEST NEWS UPDATES | There’s Nothing to Celebrate About Q2 GDP Estimates -Prabhat Patmaik    </title>
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The statistics are dubious because there is a substantial increase in GDP under the head &ldquo;discrepancies&rdquo;, which is synonymous with errors and omissions.

It is ironic that government spokespersons should exhibit so much euphoria over the second quarter (July-September) gross domestic..."/>
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The statistics are dubious because there is a substantial increase in GDP under the head &ldquo;discrepancies&rdquo;, which is synonymous with errors and omissions.

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    <h1 class="cat-box-title">There’s Nothing to Celebrate About Q2 GDP Estimates -Prabhat Patmaik</h1>
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                            <p style="text-align:justify">-Newsclick.in</p><p style="text-align:justify"><em>The statistics are dubious because there is a substantial increase in GDP under the head &ldquo;discrepancies&rdquo;, which is synonymous with errors and omissions.</em></p><p style="text-align:justify">It is ironic that government spokespersons should exhibit so much euphoria over the second quarter (July-September) gross domestic product (GDP) estimate, which shows a drop &ldquo;only&rdquo; of 7.5% compared with the second quarter 2019-20. The expectation had been that the drop would be larger, about 8 to 9%; and as the first quarter drop had been 23.9%, the talk has been of a &ldquo;stronger recovery&rdquo; than anticipated. The irony, however, is that on closer look the recovery appears both dubious, as well as immiserising and hence fragile.</p><p style="text-align:justify">It is dubious because there is a substantial increase in GDP under the head &ldquo;discrepancies&rdquo;, which is synonymous with errors and omissions. If we assume that the same absolute figure for errors and omissions holds for Q2 2020-21, as was the case for Q2 2019-20, then the decline between the two quarters is 8.7%, as was anticipated earlier, instead of the 7.5% that the National Statistics Office (NSO) estimates show. Thus the entire claim of a &ldquo;stronger recovery&rdquo; is statistically dubious.</p><p style="text-align:justify">But let us assume for the present that the GDP figure is correct and examine it further. Obviously, since there had been a sharp reduction in output because of the lockdown, some recovery from it was inevitable; the important question is what factors have contributed to that recovery.</p><p style="text-align:justify">Please <a href="https://www.newsclick.in/nothing-in-celebrate-about-GDP-Estimates?fbclid=IwAR22BLcdAMehrQ_rHwBnKhqgxRpzlRTHLvr5Grn4-HoUXn2zVD8zJt0N7Oc" title="https://www.newsclick.in/nothing-in-celebrate-about-GDP-Estimates?fbclid=IwAR22BLcdAMehrQ_rHwBnKhqgxRpzlRTHLvr5Grn4-HoUXn2zVD8zJt0N7Oc">click here</a> to read more.</p>                                                           
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There’s Nothing to Celebrate About Q2 GDP Estimates -Prabhat Patmaik

Published on Dec 5, 2020   Modified on Dec 5, 2020

-Newsclick.in The statistics are dubious because there is a substantial increase in GDP under the head “discrepancies”, which is synonymous with errors and omissions. It is ironic that government spokespersons should exhibit so much euphoria over the second quarter (July-September) gross domestic product (GDP) estimate, which shows a drop “only” of 7.5% compared with the second quarter 2019-20. The expectation had been that the drop would be larger, about 8 to 9%; and as the first quarter drop had been 23.9%, the talk has been of a “stronger recovery” than anticipated. The irony, however, is that on closer look the recovery appears both dubious, as well as immiserising and hence fragile. It is dubious because there is a substantial increase in GDP under the head “discrepancies”, which is synonymous with errors and omissions. If we assume that the same absolute figure for errors and omissions holds for Q2 2020-21, as was the case for Q2 2019-20, then the decline between the two quarters is 8.7%, as was anticipated earlier, instead of the 7.5% that the National Statistics Office (NSO) estimates show. Thus the entire claim of a “stronger recovery” is statistically dubious. But let us assume for the present that the GDP figure is correct and examine it further. Obviously, since there had been a sharp reduction in output because of the lockdown, some recovery from it was inevitable; the important question is what factors have contributed to that recovery. Please click here to read more.

Newsclick.in, 5 December, 2020, https://www.newsclick.in/nothing-in-celebrate-about-GDP-Estimates?fbclid=IwAR22BLcdAMehrQ_rHwBnKhqgxRpzlRTHLvr5Grn4-HoUXn2zVD8zJt0N7Oc

Tagged with: Economic Growth GDP Growth Recession Purchasing Power Effective Demand

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