‘Data Looks Better Naked’ – Darkhorse Analytics visits ISET
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On the 13th of November, ISET was visited by Joey Cherdarchuk of Darkhorse Analytics, a Canadian company specializing in data science and information design. The firm is dedicated to helping organizations and individuals present their data in a clear and understandable way; in an often humorous and highly informative workshop, Mr. Cherdarchuk demonstrated how failures in data presentation can be misleading (wilfully or otherwise) and inaccurate. Mr. Cherdarchuk’s seminar formed a part of the larger Effective Data Visualization workshop hosted within ISET’s Modern Data Analysis (MDA) concentration.
The workshop, colourfully entitled ‘Data Looks Better Naked’, Mr. Cherdarchuk explained that raw data can be compared to an uncut diamond – the information needs to be crafted in order for it to be presented in its best form. This idea is highly applicable to economists attempting to present their research, facts and figures to a general audience who may not be familiar with the more intricate complexities of economics.
IMF Deputy Director for CCA visits ISET, presents regional outlook
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On November 8, ISET was visited by Mr. Juha Kahkonen, Deputy Director of the Middle East and Central Asia Department of the IMF, who gave a presentation on the fact that global trade tensions and slowing growth amongst key trading partners are affecting the Caucasus and Central Asia (CCA) region. However, Mr Kakhonen explained that despite a decline in export growth, a looser fiscal stance and rising retail credit is expected to maintain a broadly stable growth for the region in 2019–20
The IMF’s CCA Deputy Director then examined the issues in-depth and stated that in order to foster higher and more inclusive growth and raise living standards, CCA policymakers should strengthen competitiveness, leverage comparative advantages, and foster diverse sources of growth to reap the gains from trade and integration into global value chains. In addition, revitalizing FDI by easing restrictions and promoting macroeconomic stability while deepening domestic financial markets can provide more stable sources of funding, mitigating the risk of volatile portfolio flows. These portfolio flows to the region’s economies are nearly twice as sensitive to global market sentiment compared to other emerging economies, exposing the region to abrupt shifts.
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