Britain consistently under calculates GDP growth estimates, with British economic growth on average +0.15 higher than when first reported – figure from the Financial Times

6 comments

1. Article source

   >[The danger of building strong narratives on weak data](https://www.ft.com/content/799d8670-cc75-4435-af33-ca8b32e913d5)
   >
   >Hazy statistics have painted too gloomy a picture of Britain, but similar issues affect many countries

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3. The Tories looking for any positive statistic they can find 🙄

4. Stop under-calculating and overcalculate so we can finally get some good news from the UK cause you guys have been a bummer lately

5. Greece lol

6. Over how many years was this data collected? This is pretty critical for interpretation – if that had been a consistent thing since, lets say, the 60’s, it might indicate a trend. If the author simply took the last 10 years or so, outliers could **massively** skew the result – making the article pretty pointless.

   Given the rather large deviations, I’d suspect the data base isn’t that big, but I’m honestly weirded out that no data period is reported, especially as someone working with economic data regularly.