Political Forecasting? The IMF's Flawed Growth Projections for Argentina and Venezuela

David Rosnick and Mark Weisbrot

CEPR Reports and Issue Briefs from Center for Economic and Policy Research (CEPR)

Abstract: This report examines the International Monetary Fund's (IMF) projections for economic growth for Argentina and Venezuela in recent years. It shows that the IMF consistently made large errors in overestimating Argentina's GDP growth for the years 2000, 2001 and 2002, during the country's 1998-2002 depression, and large underestimates for the years 2003-2006, as Argentina's economy grew rapidly. The paper also notes the IMF's repeated large errors in underestimating Venezuela's GDP growth for the years since 2004.

JEL-codes: E27 F33 F34 F47 (search for similar items in EconPapers)
Date: 2007-04
New Economics Papers: this item is included in nep-for and nep-mac
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:epo:papers:2007-10

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