- FinMin and Liar Carranza expected “flat growth”
- Lima suits expected -0.5%
- Otto expected something around -0.7% by comparing Peru with Chile
So much for February being a simple “pothole in the road” as Liar Carranza insisted at the time. So much for Twobreakfasts and his “armour plated economy”. Right now the gov’t is trying to make a lot of the fact that April 2009 had two less working days than April 2008….funnily enough the same moaners and wailing weren’t worried about the two days added on to March’09 figures, though.
The only difference between the economies Peru and Chile is that the Chilean gov’t is honest with its people and has made more provisions for the tough times ahead. Apart from that, they’re both well in recession.