Citi Upgrades Peru Bolsa

Citi Upgrades Peru Bolsa


Citi has upgraded Peru to overweight from neutral in its regional portfolio based on solid macro fundamentals, with GDP growth forecast to hit 7.9% this year. "The fiscal and current account surpluses for 2007 are forecast at comfortable levels of 3% and 1.8% of GDP respectively," says Citi. It adds that while inflation is rising – in line with other countries in the region – it remains under control at 3.4% in 2007, held down by some recent tightening of monetary policy. "What makes the market

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