ANDEAN PERU: Limits of pragmatism

ANDEAN PERU: Limits of pragmatism

Two questions preoccupy any analysis of Peru’s investment prospects. Is the country’s standout growth story just getting going? Or is slowing Chinese demand for minerals like copper – coupled with domestic mining sector politics – about to bring the country back to reality? Investment in mining in Peru reached another historic high in 2013, coming in at $8.9 billion, up 15% over the previous year, according to government figures. Meanwhile the country posted its first trade deficit in a decade: $365 million, with exports at $41.8 billion, a decline of 8.3% from the previous year, while imports were $42.2 billion, up 2.6%, according to the central bank. The central bank expects a slight t

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial