Political Forecasting? The IMF’s Flawed Growth Projections for Argentina and Venezuela
April 2007, David Rosnick and Mark Weisbrot
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.
Report 
Press Release
En español
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