Don’t say you haven’t been warned.
Now be honest with me, have a good close look at that chart above and ask yourself whether you can see a pattern beginning to appear :-). Follow the bouncing ball, people;
- November 2008: President Twobreakfasts tell the annual Peru bizpeople’s conference that 2009 growth will be 6.5% and that the country’s growth is “armour-plated” against the world financial crisis.
- January 2009: The Peruvian Central Bank revises their growth forecast downwards to 6%.
- Later in January 2009: Yehude Simon the first official voice to say that GDP growth will be 5% in 2009. The rest soon follow.
- March 2009: Peru’s Central Bank says that growth will be “a little under 5%” this year.
- April 2009: CEPAL calls Peru GDP growth at 3.5% for 2009.
Remember Otto’s prediction is 2.25% for 2009 and that smarter people than I are calling for 0% growth. Nuff said. DYODD and don’t believe the BS they feed you.
Related Posts
Peru: The first of many downward revisions (Jan 10th 2009)
Chart of the day (January 15th, 2009)