Economy : Wrong Prescriptions

Wrong Prescriptions A correspondent writes: Even a 4 per cent rate of economic growth need not be scoffed at, though it does mean that the economy has underperformed in terms of the target of 6 per cent. It does speak however of the need not to set growth targets unrealistically high. Then the impression goes round that the economy is underperforming. Cynics may suggest that there is a deliberate attempt to show underperformance with a view to push forward the reform programme to which the government is committed.