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Typical French propaganda masquerading as thoughtful analysis.

I have gone back to the rapport that Michel Camdessus prepared for the French government in the Fall of 2004. (Michel Camdessus, is the former Head of the IMF and the former Governor of the Bank of France.)

Page 178 shows a graph with the following comments:

"Over the period 1993-2003, US gross domestic product has increased by about 45%, vs. over 35% for the UK, and only 25% for France. This translates into an annual growth rate differential of 1.5 percentage point between the US and France, and 0.9 percentage point between the US and the UK."

I have run the math. The annual GDP growth rate for the 3 countries are:

US: 3.8%
UK: 3.0%
France: 2.3%

Link to PDF report

Any suggestions for a rebuttal?

by Metatone (metatone [a|t] gmail (dot) com) on Sat Aug 20th, 2005 at 09:19:18 AM EST

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