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a plague o both your houses

Peru GDP revision watch: Carranza gets in on the act

Luis Carranza is either an outright liar or he’s feeling very, very stupid right now. Today El Comercio reports the latest downgrade in Peru’s GDP expectations with Peru’s FinMin having to eat a plateful of crow just weeks after insisting that Peru’s GDP is set on course for 5% this year. Let’s see how his 3% number fits in with all the other BS calls so far:


And it’s still only April! Remember Otto’s call of 2.25%, folks.

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