Saturday 24 October 2015

Same data, same model, different results!

David Ndii and yours truly are looking at the same data, using similar models and coming to the same conclusion from different angles that the Kenyan economy is not doing great. 
That leads to the question: those who think that our growth is robust are looking at what dataset and using what model? The answer may surprise you; we have the same data and are using more or less the same model. 
The difference is that those whose verdict is that we have a healthy economy are peddlers of remedies  that will perpetual their relevance. And they are usually ultimately lenders to government whose financial resources are increasingly not needed in many emerging markets (remember the creation of the BRICS bank and how it caused jitters amongst the Breton Woods institutions?).
 A good businessperson must know that to survive one must have a core and local clientele. That is who we are to the IMF and World Bank, for when they tell us that we are ok even when we know we are not, it is business as usual for them.

No comments:

Post a Comment