Cover of The Report: Peru 2018

The Report: Peru 2018

With a new administration in place, local and international players in Peru have regained optimism. As one of South America’s top performers due to its reforms and fiscal discipline, the country is benefiting from rising commodity prices and an export-oriented mining sector. In addition, 2018 brought increased public expenditure, with notable rises in the budgets for education, health, infrastructure and reconstruction.

With an average growth rate of 5.9% over the past decade, Peru’s economy has consistently outperformed most regional neighbours. Politically, the country has recently emerged from a period of instability and security concerns to rank among the top investment destinations in the developing world. Indeed, after a political transition that threatened business confidence and investment projects in the country, local and international economic agents have regained optimistic outlooks. Due to the country’s structural reforms and fiscal discipline, its export-oriented mining sector and the rising global commodity prices, Peru has become one of South America’s top performers.

 

See also:

Economic Roundup: Latin America: Time to build a bloc

 

OBG & Peru