Dr. Gabriel Fagan:

Just to clarify, we are not suggesting that at all. What we are saying is that we have GDP numbers produced by the CSO which are compiled in accordance with international standards. Those numbers, in that sense, are correct. The CSO has followed the international rules and has come up with the numbers it has come up with. The point we are making is that if one wants to understand what is going on the domestic economy, looking at those numbers will give one a misleading picture. In the context of terminology, it is better to recognise that the CSO is following the rules. It is following the international practice. It does not have any choice in that regard. It has now taken this initiative to produce other indicators. In the past, we also tried to produce indicators we thought would provide a more accurate reflection of what is going on in the domestic economy.