This time Morgan Kelly is wrong

The UCD economist is highly regarded for his prediction of the property and banking crises, but his latest analysis is based on incorrect statistics and interpretation of those statistics, writes Antoin Murphy

14th May, 2011
This time Morgan Kelly is wrong
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American humorist Will Rogers once said: ‘‘Get your facts straight first.

Then you can distort them as much as you like.” Professor Morgan Kelly should keep this in mind when producing his bi-annual statements on the fate of the Irish economy.

His article in the Irish Times on May 7 highlighted the possibility that Ireland’s government debt would be close to €250 billion by 2014.

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