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.

Share:      

Related posts

1. Tourism in Latin America will increase in 2010
2. Commerce between Canada and Peru estimated to grow 15% in 2009
3. MEF: The Peruvian economy recovers in the last few months
4. Asbanc: Bank loans will grow between 6% and 10% this year
5. Peruvian Economy Contracts for the First Time since June 2001
6. Remittances from Peruvians in Spain resist the financial crisis and stay stable
7. Peru will have 40,000 hectares of oil palm to produce biodiesel in 2010
8. Jorge Chávez is voted best airport in South America
9. Brescia Group buys cement factory Lafarge, the largest Peruvian investment in Chile