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Latest News in Peru / Archive
Economy | 1 October, 2009 [ 16:49 ]
Peru likely to grow most among Latin America's top economies the next two years
LivinginPeru.com
Isabel Guerra
According to the International Monetary Fund's latest “World Economic Outlook," Peru will have the fastest-growing Gross Domestic Product in the region this year and next.
The IMF figures foresee that Peru's GDP will expand by 1.5% this year and 5.8 percent next year.
Brazil's economy is expected to fall by 0.7%, while Mexico will likely see a 7.3% percent decline this year, before recovering next year with a 3.3% growth. Argentina, will see a GDP decline of 2.5%, but is expected to recover 1.5% next year.
Venezuela will see a decline of 2.0% this year and a further fall of 0.4% next, which will make it the only country among the nine that will continue in recession into 2010.
In general, Latin America's economies are expected to see 2.5 percent fall this year and a 2.9 percent expansion next year.
(Condensed from LatinBusinessChronicle.com – Joachim Bamrud)
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
According to the International Monetary Fund's latest “World Economic Outlook," Peru will have the fastest-growing Gross Domestic Product in the region this year and next. The IMF figures foresee that Peru's GDP will expand by 1.5% this year and 5.8 percent next year.
Brazil's economy is expected to fall by 0.7%, while Mexico will likely see a 7.3% percent decline this year, before recovering next year with a 3.3% growth. Argentina, will see a GDP decline of 2.5%, but is expected to recover 1.5% next year.
Venezuela will see a decline of 2.0% this year and a further fall of 0.4% next, which will make it the only country among the nine that will continue in recession into 2010.
In general, Latin America's economies are expected to see 2.5 percent fall this year and a 2.9 percent expansion next year.
(Condensed from LatinBusinessChronicle.com – Joachim Bamrud)
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
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