Spanish GDP Actually 17.3% Lower Than Reported?

FT Alpaville was first to report this: An anonymous tip-off regarding Spanish GDP…

The big question then, according to the author(s), is the ‘real’ level of Spain’s GDP. Using a deviation of 24 per cent in market services, 5 per cent in manufacturing and 6 per cent in construction, the author comes up with a 17.3 per cent fall in GDP between the fourth quarter of 2007 and Q4 2009 — far less than the published 3.1 per cent.

Full analysis bellow. In my opinion it makes sense. Is it true? I don’t know.

This entry was posted on Thursday, September 30th, 2010 at 7:31 am and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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