'There are lies, damned lies and statistics,' goes one argument. 'It's easy to lie with statistics, but it's easier to lie without them,' says another. At any rate, numbers only mean anything when put in perspective, especially economic numbers.
Jamaica having 2.5 per cent inflation from January to June of this year, and our economy growing by 1.5 per cent in the first two quarters, doesn't really ring bells. But Jamaica having both lower inflation and higher GDP growth than the United States for the first half of 2011 makes you sit up and pay attention. When has this happened before, if ever? (Sources: BOJ, USBEA)