The deceptive magic of GDP

Glossary of difficult words

deceptive - giving an appearance or impression different from the true one; misleading;

projected figures - meaning that these are the figures that were approved by the city assembly, not the actual figures at the end of the year;

staggering - astonishing or deeply shocking;

revenue raised - meaning in this sense money raised from taxes or other similar sources;

to erupt - to explode with fire and noise;

spin doctor - a spokesperson or media adviser employed to give a favorable interpretation of events to the media;

underleveraged - having insufficient debt in one's capital structure.