Latin America Business: 2021 Growth Predictions Jump

In a highly positive sign for Latin America business and investment, the UN’s Economic Commission for Latin America and the Caribbean (ECLAC) has significantly raised its predictions for growth in the region during 2021, offering a strong indication of economic reactivation in the wake of the global pandemic. According to a newly released report from ECLAC, gross domestic product (GDP) in Latin America and the Caribbean is now expected to grow 5.9% overall, having been predicted to grow 5.2% in…

Why the ‘Andean Three’ Will Bounce Back Quickly From Coronavirus

Latin America is the world’s coronavirus hotspot but some of its best-run economies – Peru, Colombia and Chile – look well placed to recover…… Emerging markets have been flattened by the stampede for the exit. The Institute for International Finance estimates that overseas investors pulled $95billion from emerging markets in the first quarter of 2020 – the EM largest outflow ever. Investors are right to be worried. Emerging markets tend to have bad health systems, cash-strapped governments and informal…

Doing Business in Peru 2019

Economic overview 2019 During the decade between 2003 and 2013, Peru’s economy development was steady and exceptional: its real GDP rose at an annual average rate of 6,6 %, the highest average rate in Latin America and one of the most important worldwide. However, this performance was affected in 2014 by an international crisis. Since then, Peru has only shown moderate growth not exceeding 4,0% Many external factors were pointed to as catalysts of this deceleration, such as the Eurozone weakness, the China…

What now for South America and Venezuela as the pink tide recedes?

While nearly two decades of ideologically driven economic mismanagement has turned Venezuela from a relatively wealthy oil state into a Zimbabwe-like basket case, Chile has mainly stayed the course, politically and economically, just to the right or left of the sensible centre. Wild swings avoided Since the restoration of democracy in the late-1980s, this long, thin ribbon of a country has largely avoided the wild boom-and-bust pendulum swings that have characterised much of the continent’s stop-start…

Latam Investor Q3 2018 Report

With 80% of the region’s population going to the polls in 2018, this year was always going to be seminal for Latin America. With elections in Chile, Mexico and Colombia already completed we can now see some outlines appearing on the political map of Latin America for the next few years. Meanwhile, with commodity prices from copper to oil moving upwards, the economic dynamic is also becoming clearer. In Chile and Colombia, right-wing candidates have come back to power. Both are lucky to win an election when…

Peru’s mining bonanza spurring growth, and new investment

Peruvian President Pedro Pablo Kucyznski, visibly frustrated by the lack of progress in infrastructure and other investment projects during his first year in office, has pledged to get the economy moving with a public spending spree. Now, a windfall driven by surging mining exports looks set to make that possible. Peru’s first half export revenue rose 27% to US$20.486bn, led by a 28% increase in metals exports to US$12.265bn, while crude oil and natural gas sales soared 84%, according to the central bank.…

Peru remains as one of the strongest economies in Latin America

Peru remains as one of the strongest economies in Latin America Peru becomes the third nation in Latin America to earn the coveted “A” grade sovereign rating after Chile and Mexico. Moody’s Investors Service pointed out the falling debt and reduced dependence on metal exports as one of the main reasons for its decision but also the improvement in the government’s balance sheet as well as expectations for faster growth and the impact of initiatives to bolster competitiveness. Ghezzi also pointed…
Real Estate and Investment News from South America
Visit us on LinkedInVisit us on FacebookVisit us on TwitterVisit us on Pinterest