The government’s GDP estimates for the second half of 2021-22 are 6.7 percent higher than for the same period of 2019-20
GDP growth in the second half of 2021-22 is estimated to be 6.7 percent higher than two years ago. [Image: Shutterstock]
How far are the government estimates for GDP in the second half of 2021-22 above the pre-pandemic levels in the second half of 2019-20? The accompanying Chart 1 has the details. GDP growth in the second half of 2021-22 is estimated to be 6.7 percent higher than two years ago. The weak point is private consumption, which is estimated to be up a mere 1.7 percent over the second half of 2019-20. On the other hand, growth in government consumption…
