understate

Omar Ishrak of GE argues that the term "frugal innovation" understates the revolution under way, in which price is only one element.

Democratic strategists say even this advantage understates the strength of his position in pivotal battleground states.

Of course, that almost certainly understates the political challenge of going up against parties with a vested interest in the old model.

However, even if the official measure understates inflation, the changes in it may still be a fair gauge over time.

And the comparison understates the cost of hiring in Brazil: its payroll taxes are among the world's highest.

Comparing output now with its level before the crisis actually understates the depth of the slump.

But the clarity that hindsight bestows is also misleading, because it understates how confusing things appeared to people at the time.

Opponents say this understates the potential value to Google in the long run.

It is also likely that the 9. 5 per cent rate understates the extent to which labour market conditions are deteriorating.

Yet the torrent of money, impressive though it is, greatly understates Harry Potter's effect on Hollywood.

That understates the role of Greek-Turkish friendship groups, or groups dedicated to music or films that both countries like.

This means that data on outflows, which reflects actual repayments to investors, understates the true picture.

The trouble with this argument is that it overstates the benefits of an Obama-Clinton partnership and understates the costs.

Indeed, Australia's GDP understates the economic benefits of the commodities boom.

Some observers, however, claim that understates the extent of Microsoft's ambition.

That reckoning, however, understates the likely impact.

It understates the current period's profit and in effect overstates the earnings in the period when the anticipated event occurs .

This undoubtedly understates, or rather lags, the damage.

But that understates the funds available to absorb future losses.

This figure includes modestly paid workers at reception desks and in mail rooms, and it thus understates what senior bankers earn.

There are two reasons to believe that it understates the position.

Yet this, too, understates the potential for battle.

In this case, the overstatement of bad debt expense unjustifiably understates the present year's net income .

Some economists argue it understates the 'real' inflation figure.

The seemingly modest unemployment rate of 4. 4% in February understates the pain.

As all NIA members know, the CPI understates inflation through geometric weighting and hedonics.

At 45. 6% of GDP Italy has a high tax burden, but the number understates the costs shouldered by those who actually pay.

But even this understates the true rate at which the People's Bank of China (PBOC) has been piling up foreign exchange.

In China, there is little question that the consumer price index understates the true extent of inflation.

(That probably understates the true amount somewhat. )