AT first glance, data released by the Department of Trade and Industry (DTI) this week showing that approved investment pledges plummeted in February may be alarming. As we have pointed out on different occasions, however, accurate conclusions about the state of the economy can be drawn by examining the numbers in their proper context.
The DTI’s Board of Investments (BOI) reported that approved pledges by investors to put in money in local businesses fell by 95 percent in February, compared with the corresponding month a year ago, a sharp reversal of January’s 91-percent increase.
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