It’s amazing to think that nothing really hangs on the JSE’s embarrassingly large mis-statement of equity investment flows. At least that is what the JSE would have us believe. There’s something subversively Govian (as in Michael Gove’s "people have had enough of experts") about it. If, when push comes to shove, statistics don’t really matter, then why should "people" bother with them or with the experts whose stock in trade they are?Anyway, the JSE might take some comfort from the realisation that one thing that can be even more embarrassing than inaccurate statistics is accurate ones.The Irish government was absolutely mortified by the recently released — and accurate — statistics revealing that its economy had grown by 26.3% in 2015. As one commentator remarked, if Ireland continued to grow at this rate every year, its economy (with just 4m people) would be bigger than China’s by 2037.According to Ireland’s national accounts, exports were up by 34%, investment increased by 27% an...
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