Simplification is, of course, legitimate – and also needed. But exaggeration is not. It risks skewing perceptions and distorting the true picture of the situation. Take, for instance, the situation in Ireland or Portugal. This requires comprehensive and in-depth understanding – an analyst’s two-pager often cannot do justice to this complexity.
BIS central bankers’ speeches  7  Graph 7 Emerging economies: CPI and GDP1 Annual % change 6 CPI GDP 5  4  3  2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2010 2011 2012 2013 2014 2015  Unweighted averages.