Piñera in 2009: Chile’s economy to grow 6% a year on average over the term. It was 5.4%, 3.3% in the last year
Sebastián Piñera2009 · Government programme 2010–2014 'for change, the future and hope'
«Our commitment is to achieve an average growth rate of 6% over the period, so that job opportunities and the incomes of all Chilean families grow.»
Average GDP growth in 2010–2013 was 5.4% a year against the promised 6%; 2013 alone was 3.3%.
In the first three years growth stayed near the goal: 5.9%, 6.2% and 6.2%. In 2013 it slowed to 3.3%.
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A candidate for President of Chile promised an average growth rate over four years. The first three years came close to the promise; the last one pulled the average down.
First the words: who said it, when and where, verbatim (translations are ours). Answer Yes or No, or just open the answer: the stamp is the outcome, below it what came of it. On the timeline the small dark dot is when it was said, the empty ring the deadline, the ring in the stamp’s colour when it happened; a line in that colour along the axis is the delay, a dashed line to «not yet» means it has not happened by today.
- Sebastián Piñera, Government programme 2010–2014 'for change, the future and hope' quote
«Nuestro compromiso es lograr una tasa de crecimiento promedio en el período del 6%, para que así aumenten las oportunidades de trabajo y los ingresos de todas las familias chilenas.» — Our commitment is to achieve an average growth rate of 6% over the period, so that job opportunities and the incomes of all Chilean families grow.
Programa de Gobierno para el Cambio, el Futuro y la Esperanza. Chile 2010–2014
- What happened did not come true
Average GDP growth in 2010–2013 was 5.4% a year against the promised 6%; 2013 alone was 3.3%.
Quote: Sebastián Piñera’s government programme for 2010–2014. Fact: IMF World Economic Outlook, real GDP growth; the average is a simple mean of the four yearly rates. Outcome: «came true» — the promised number reached by the deadline («about» within 5%), an event happened before the end of the year promised; «exceeded» — with room to spare; «nearly» — short by no more than 10%; «late» — reached, but after the deadline; «did not come true» — not reached; «came true, then undone» — reached, then reversed. The deadline is the end of the year named.
The term ran March 2010 to March 2014; the comparison is with the four full years, with 2014 the average is 4.7%. 2010 was a recovery from the 2009 slump and the earthquake. The Central Bank of Chile, on its 2018 base, gives slightly different rates.
A question for this picture
How much of a term’s average growth came from the rebound after the slump it started in?