Peru: All night long
Peru’s prospects have never looked so good. But much work is needed if the economy is to maintain its recent momentum
By Lucien Chauvin and Taimur Ahmad
Peru ended 2012 on a high note. Christmas retail sales in Lima
shot up by 20% from the year before to over $2 billion, feeding
an already upbeat mood over prospects for the year ahead.
In a year-end survey by polling firm Ipsos Apoyo, 45% of
respondents said their family situation would be 'better/much
better’ in 12 months’ time, while 41%
said they expected things to be the same and only 7% said they
would be worse off.
In a survey of businesspeople by Global Research Marketing,
55% reckoned the economy would perform 'better/much
better’ in the coming year.
The government expects GDP to expand by more than 6% in 2012
– the highest among Latin America’s
larger economies – while inflation, at 2.6%, remains
the lowest in the Andean region. Robust domestic consumption,
improved trade revenue and strong foreign direct
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.