There have been a number of comments over the last few days regarding CSO revisions to nominal GDP. This has been explained in the Irish Independent today as resulting from a change in the way CSO calculate the size of the economy. Apparently, there were other comments at Kenmare over the weekend also
suggesting that a downward revision to GDP for 2010 is being contemplated by CSO.
I have been talking to CSO and they inform me that there has been no change in how they estimate GDP. CSO has already published the first two quarterly estimates for GDP in 2010. Q3 is scheduled for 16 December.