Venezuela’s Chavez Slams GDP Methodology After Third-Quarter Contraction - Real Time Economics - WSJ: "Venezuelan President Hugo Chavez said Wednesday he plans to come up with a new, socialist-friendly way of measuring economic growth, one day after gross domestic product data indicated his country is in recession.
Hugo Chavez takes aim at statistics. (AFP/Getty Images)
Oil-rich Venezuela’s economy shrank 4.5% in the third quarter, the country’s central bank reported Tuesday. This comes after the economy shrank 2.4% in the second quarter.
“We simply can’t permit that they continue calculating GDP with the old capitalist method,” President Chavez said in a televised speech before members of his socialist party. “It’s harmful.”"
Apesar de tudo é pior do que o ataque às sondagens.
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