Peru’s GDP might grow by 2 percent in 2009

Isabel Guerra

According to Peru21 newspaper, Economic Commission for Latin America and the Caribbean (ECLAC) said that Peru will post one of the highest growth rates in Latin America in 2009, with its Gross Domestic Product (GDP) growing at two percent.

This would be the third highest rise in the region, since the largest increases will be recorded in both Bolivia and Panama (both 2.5%), and Haiti (2.0%).

They also reported that LatAm economy will fall 1.9% in 2009 (its first decline after six years of growth) but will recover in 2010 with an expansion of 3.1%.

"After growing steadily for six years, the Gross Domestic Product (GDP) of the region will shrink by 1.9% in 2009," says the report.

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