Let’s compare what The Twobreakfasts&Carranza Show wants you to believe (5% growth, unaffected by world recession, investment grade, serious country etc etc) to….. well…… errrrrr….to reality.
The reasons given by the SUNAT tax office for the fall in tax revenues were (and I quote), “A less dynamic economic activity and an unfavourable international context that continues to affect tax collection levels, principally via the mining sector and the taxes assocaietd with the importation of goods”.
So, let’s think about what we should really believe here. The region’s most unpopular President and his poitically biased spoutings based on nothing but a wing and a prayer, or the facts? Tough one, no?