IMF generally overestimates Indian performance and underestimates Chinese performance. IMF forecast for China would be based on believing there's gonna be a second wave in China, whereas they believe 2021 would be smooth sailing for India.
Indian Economics thread.
- Thread starter styx
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Of course now they are starting to revise their forecast downwards for India, and they will probably keep revising the forecast downwards for the rest of the year.
Why is it economic forecasts for China keep getting revised upwards? They're like, Oops we didn't expect China to do so well again. And they keep making this mistake year after year. The racism is quite incredible.
Fool me once, shame on...shame on you. Fool me—you can't get fooled again.
Why is it economic forecasts for China keep getting revised upwards? They're like, Oops we didn't expect China to do so well again. And they keep making this mistake year after year. The racism is quite incredible.
Fool me once, shame on...shame on you. Fool me—you can't get fooled again.
To be fair the Indian trains have alfresco views on the rooftop.
Holy shit, one small slip in front of the moving train and you’re spaghetti sauce lol
I would also note that ever since Modi has been elected many economists have been questioning the Indian numbers in general. While there have been similar questions historically about Chinese numbers, it seems pretty clear whatever is happening in India is on a national scale while the Chinese numbers that were smoothed over were provincially-based and not promoted at a national level.
So even the final numbers will be suspect! I've seen international economist organizations saying India's overall annual GDP seems up to 25% overstated. Not sure how true this is but wouldn't be surprised at all.
Well that's a wrong quote my friend. In the immortal words from one of the most famous American philosopher, war criminal, Pres. George W. Bush: "Fool me once, shame on you, Fool me twice, you can't fool again."
No wonder the Jai Hind Indians were lapping this economic predictions like it's mana from heaven. I have never understood this economic quackery from the IMF and World Bank along with other western economic publications and prognosticators who are hell bent on being bearish towards Chinese economic growth while the same group tend to poo poo other economists who are rather optimistic and bullish towards China's economy i.e. Ray Dalio among others.
IMF & WB are just departments of the western imperialist hegemony machine (part of the post-war Bretton Woods world order), they cooperated with China from the 90s to the 1st decade of 21st century when they thought China was controllable. They think differently now and bets on India to contain China, and attract some of China's production/supply chains. Obviously things aren't working out for them...
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