Author: Faraz Shauketaly
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A Tale of Two Forecasts: When Optimism Collides with Economic Reality
Good morning. If you ever wanted to see a masterpiece of creative accounting, just put these two reports side-by-side. The World Bank tells us the cyclone cost us $4.1 billion. The Government, in what I can only call a fit of seasonal optimism, says it’s only $3.5 billion. Now, in any other world, $600 million