Peru will be the only Latin America Economy to grow in 2009

By: Johan van Ginhoven

Credit Suisse, investment bank, projected that the Peruvian economy will be the only one in Latin America to register growth estimated at 3% at the end of 2009.
Additionally, expansion next year will be 5%, one of the highest in the world.

They said that contraction of the regional economies, besides Peru, will be between 1% and 6.5% this year, while the average will drop by 2.6%.

The economies of countries like Argentina, Mexico and Venezuela will drop this year to 2.5, 6.5 and 2%, respectively; while Brazil, Chile, Colombia and Ecuador will fall by 1%.

Likewise, in 2010 the Peruvian economy will lead the regional recovery with a 5% growth rate. Also, Peru will register the lowest inflation rate this year in the region, within the central bank’s (BCR) target range (1.9%), while the regional average will be 5.8%.

Inflation in Peru this year will be below the rate of Argentina (5.5%), Brazil (4.2%), Colombia (3.8%), Ecuador (6%), Mexico (4.4%) and Venezuela (25%).

Finally, Credit Suisse projected that inflation in Peru next year will grow to 2.5% and will still be the lowest in the region, even lower than what Chile will register.

Photo: Andina

Tags Blogalaxia: Economy, Peru, Economical Growth.

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