Spain Considers Peru as a Good Economic Option

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Spanish companies currently predict the Inca country to have a more favorable economic situation, followed by Chile, Colombia, and Mexico.

Spanish companies perceive Peru as one of the best economies in Latin America for investing in 2018, according to the Panorama of Spanish Investment in Ibero-America, presented by the IE Business School this week in Madrid, said La República.

“On a scale of 1 to 5, where 1 is bad and 5 is good, Peru obtained a rating of 3.98, which allowed it to position itself in the first place for the second consecutive year as the country with the best economic situation this year, surpassing countries such as Chile and Colombia”, the news site wrote.

Spanish companies currently predict the Inca country to have a more favorable economic situation, followed by Chile, Colombia, and Mexico.

“In line with the perceptions about economic evolution, the market in which more Spanish companies intend to invest in 2018 is Mexico, followed, by great difference, by Colombia, Peru, Chile, Argentina, Brazil,” explained Juan Carlos Martínez, Professor of Economics at IE Business School, to La República.

The only Latin American country where 75% of Spanish companies currently don’t want to increase their investments is Venezuela, “where the crisis has placed it as the country with the worst prospects in the region”, according to information from La República.

The Pacific Alliance and an eventual agreement between Mercosur and the European Union are considered very beneficial by Spanish companies, who place themselves as the second most important investor in Latin America after the United States.

“Investments will be 60% through organic growth, and 40% will be combined with acquisitions of other companies”, the news site wrote.

(Source)
(Cover Photo Pixabay)

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Ermelinda Maglione

Ermelinda is a journalist from Caracas, Venezuela. She has a Master’s degree in Digital Journalism and has recently finished a technical degree in Veterinary Assistance because of her love for animals. She likes to do sports, but especially ballet, which she has practiced for more than 17 years. Her passion is to read, write, and blog about different topics, as well as travel whenever she can.