Friday, July 17, 2009

Peru's GDP for 2009 and the IKN prediction: How are we doing so far?

Back on April 16th I published this note which included this chart.


The chart shows my forecasts for monthly GDP (yellow) and for the evolution of annual GDP (red) in Peru for 2009. So for May 2009 I put my forecast at 5.66% for the trailing yearly GDP rate.

Now here's a chart ripped from this page in yesterday's 'La Republica' which has the yearly trailing numbers so far this year (May figures came out this week, remember). I've just changed the labels into English for easy reading.


Oh look, yearly trailing GDP is now at 5.65%, just one one-hundreth of a percent different than my forecast.

Autographs available on request. Pisco sours served. The end.