GDP CHAMPION: Peru, here represented by capital Lima, will grow more than any other country in Latin America this and next year, the IMF says. (Photo: Coco Martin / PromPeru)
Peru will grow most among Latin America's top economies the next two years, the IMF forecasts.
BY JOACHIM BAMRUD Peru will have the fastest-growing GDP among Latin America's top economies both this and next year, the International Monetary Fund predicts in its latest World Economic Outlook released today.
Meanwhile, the fund revised up its forecasts for Brazil, the region's top economy, and it now predicts that Mexico, Latin America's second-largest economy, will leave recession next year.
Peru's GDP should expand by 1.5 percent this year and 5.8 percent next year, the IMF says.
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From: Roberto Abusada, Australia Come on! While asian tigers improve on 9% average every year. latinamerica is lagging. Peru is not a star, as more than 30% of their population live under extreme poverty. I start to like Chavez proposals. The rich become even richer in Peru, and the poor poorer. Peru one country with the worst infraestructure. Who you want to cheat?
From: Alvaro Fidel Martinez, Toronto, Canada "Peru is not a star, as more than 30% of their population live under extreme poverty."
It has a per capita income of $8,500, so it will take time to reach the levels of developed countries. The great thing is that it's experiencing growth rates of 8-9 percent (and low inflation of 2 percent) so no doubt it will reach developed status in the future. Not to mention the fact that the Nuevo Sol (Peru's currency) is the most stable currency in Latin America (unlike Venezuela).
GDP Outlook 2009-10: Peru Best