Peru: All night long

Peru: All night long

Peru Economy & Policy Corporate & Sovereign Strategy

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 Americ

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