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Growth Outlook Deteriorates

Mar 4, 2009

S&P and BofA-Merrill Lynch have chopped their 2009 LatAm GDP growth forecast to 0.7%. Previously, S&P had expected the region to expand 2.1% and BofA-ML estimated 1.5%. This would be the lowest rate of average growth since 2002,...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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