Private sector groups want credibility of GDP data probed

Tuesday, 7 January 2014 00:42 - - {{hitsCtrl.values.hits}}

The private sector chambers the National Chamber of Commerce, COYLE, CNCI, National Chamber of Exporters and the Ceylon Chamber of Commerce yesterday issued a statement on recent reports on credibility of GDP growth rate. See Page 4 for the full text of the statement. Recent newspaper reports have led to doubts being cast on the GDP growth rates published by the Department of Census and Statistics. If such doubts were to persist, it would lead to a lack of credibility on a range of published data and have serious implications on investor confidence and country ratings. Therefore, the Joint Chambers of Commerce urge the authorities to investigate the relevant allegations in a credible and transparent manner and to establish the integrity of data published by all agencies as a matter of urgency.