Lima, January 2018: Despite the political challenges that faced Peru in 2017, the year ended on a positive note for Peruvian exports, the value of which reached $44.9bn, the highest figure since 2011. Continuing this upward trend, estimates for 2018 suggest a 13.2% increase on 2017 numbers.
Over the last few decades Argentina’s economic history has been characterised by a series of boom-and-bust cycles, which has resulted in sluggish growth and weaker gains in both total and per capita GDP figures.
Mexico is on track for a GDP growth rate of below 2.4% for the year 2016 according to the International Monetary Fund (IMF), while the Ministry of Finance and Public Credit’s growth estimations for 2016 are between 1.7 and 2.5%. Core inflation is at 3%, a figure that fits the Bank of Mexico’s target of between 2 and 4%. In the US, the Federal Reserve announced an increase of +0.25% from to 0.75 in interest rates before the end of 2016, alongside the election of Donald Trump, a top contributing factor influencing the strength of the Mexican peso. These indicators paint a pic- ture of an economy facing macroeconomic risks including the potential devaluation of the peso, a higher inflation, an expected increase in public debt and rising interest rates.