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.…
JP Morgan sees Peru’s 2015 economic growth at above 5.5%
JP Morgan sees Peru’s 2015 economic growth at above 5.5% Peru’s economy is set to go back to growth levels above 5.5 percent by 2015 fuelled by the ramping up of the largest mining projects, accelerating investment and strong consumption, Investment financial bank JPMorgan Chase (JPM) has reported. “There are high expectations regarding the positive impact of the ramp-up of Toromocho’s production, which coupled with an acceleration in investment (both public and private),” JPM’s…
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…
Why is Peru’s economy not expanding at originally predicted rate?
On Tuesday, official data was released showing that as stronger mining activity offset a weak month for manufacturing, Peru’s economy expanded less than expected at 4.3% in August compared to the same month last year. The month with the second slowest rate so far in 2013 has been August. 4.6% had been the forecasted growth according to economists polled by Reuters. Economic growth has been dampened this year as a cause of weaker mineral prices and the softer demand from major buyers liked China of Peru’s…
Peru’s Amazonas region is now more accessible than ever
It has been reported that direct air services will be resumed at Chachapoyas airport in Peru. This will have a significant impact on the tourist arrivals, a supposed 12 percent more tourists will visit Peru’s northern Amazonas region. The resumption of these air operations will greatly boost the tourism industry announced Manual Cabañas, the Peruvian regional director of Foreign Trade and Tourism. The regional government will also come into action as they will be implementing promotional procedures in order…
Pacific Alliance means business, not weighed down by yesterdays ideology
The Pacific Alliance proves that there is strength in numbers and we all have a lot to gain from working together. We´ve seen this before, haven’t we? Latin American countries coming together to build a bloc that promises to combat U.S. hegemony and bring about radical change in the continent without really saying how they will achieve it. Then along comes the Pacific Alliance, which instead of focusing on ideology and finger pointing, just wants to get down to business. So what is the Pacific Alliance (AP)…
