Take physic, pomp

Peru, that magical land where all econ statistics are down….

…except GDP.

Today’s episode is tax collection, with July’s actual tax revenues down 17% but the SUNAT tax office people immediately come out and say “the worst is over” (taking their queue from Spongebob Carranza) and grabbing the Prozacked headlines with a forecast of -11.3% down for the year. And therefore because their yearly forecast is better than an actual month’s results, things are getting better.

If I weren’t all cried out about the futbol I’d shed a tear.

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