With the news today that GDP growth in Chile for September 2014 came in at a disappointing +1.4%, your author was mentally nudged and finally got round to publishing a chart that’s been on his mind for a while. This compares the monthly GDP growth numbers posted by Peru and Chile since 2010:
You’d never guess just by looking at that chart they’re both in the same part of the world, both dependent on metals exports (Peru main export copper, Chile main export by a long long way copper) and both use box standard neolib fiscal and monetary policies, would you? So we’ll leave the stupidities of blaming/praising party politics to the dumbasses at The Economist for every click up or down, as anyone with half a brain can spot how unconnected the latest call on social spending is to GDP results.
We’ll get the September 2014 Peru GDP in a few days’ time. Put me down for +2.4%