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| Reaching for the stars | 03-JUL-09 |
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| The annual Economic Survey is traditionally tabled in Parliament a couple of days before the Budget is presented. This year, the attention being paid to budgetary prospects is particularly high; consequently, the Survey has come under the spotlight far more than in a more ‘normal’ year. That said, the utility of the Survey as an assessment of the state of the economy has dwindled over the years, as the frequency with which economic data is released has increased (monthly fiscal deficit numbers, quarterly GDP assessments, regular tax revenue updates, et al), and as the number of institutions putting out similar reports has multiplied. In such a context, there is very little that the Survey can disclose regarding macroeconomic conditions that is not already known. |
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