Optimism was a word seldom used to describe emerging economies in 2016, but this looks set to change in 2017 – at least to some extent. In Latin America, a number of the countries that boomed in the 2000s are making clear efforts to return to the right track. One of these, without a doubt, is Peru.
In economics, as in life, everything comes and goes. In 2016 commodity prices were down and most Latin American currencies depreciated. Now, less forex volatility and more reasonable commodity prices have led many to hope for a more promising future.