Morgan Stanley Revises Peru GDP Forecasts

Morgan Stanley Revises Peru GDP Forecasts

Peru

Morgan Stanley has reduced its 2009 GDP growth prediction for Peru to 0.9% from 1.8%, but increased 2010’s forecast to 4.9% from 4.4%. The shop says that this year, “the economy has proven less dynamic than we had expected, lagging some of its neighbors in pulling out of the downturn. Sequentially Peru has contracted 0.5% in H109, underperforming Brazil (up 0.5%) and Colombia (up 0.5%).” Next year, it believes Peru will post one of the strongest rebounds in LatAm as private investment rebounds.

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