2 ms·
If I recall correctly, their original result had negative growth (like -0.1%) when debt is above 90%, and the revised result has growth at 2.2%. The revised 2.
by carbocation 14y ago
If I recall correctly, their original result had negative growth (like -0.1%) when debt is above 90%, and the revised result has growth at 2.2%.
The revised 2.2% is much closer than the original -0.1% to the rate at the next level down (3.2%).
So now they are clinging to the fact that 2.2% growth is still less than 3.2%. It is, but it's much closer than the old, original -0.1% growth.