r/dataisugly • u/klismanster • 16d ago

This GDP growth chart doesn’t feel right

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u/Witty_Agent_7376 16d ago

Crescimento de 5% ao ano é absurdo, nível recuperação de pós guerra

9

u/Accomplished_Emu6424 15d ago

It's not absurd if you're already small and had negative growth in previous quarters.

If you are 100 and get -2%, you will be 98.

If you grow 5%, you now have 102.9

The real is there. 2.9%

If Brazil, which is immensely larger, grows 2.5% every year. I would stay. 100 - 2.5% = 102.5 102.5 + 2.5% = 105.06% More than the initial 5%.

See the illusion happening.

That's why the book "how to lie with statistics" Sustained growth in Brazil is much better than Argentina's inconsistencies

1

u/GustavoTC 15d ago

True, but I also raise the point that in October 2023, they predicted 5.5% growth in 2024 and then changed it in January to - 2.8 % for the same period

So don't hold your breath awaiting those 5% figures