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Wednesday, February 26, 2014

Peru's GDP growth will be world's second-highest in 2014 #peru #china Peru’s rapid GDP growth will only be topped by China.



Peru is likely to post the second highest GDP growth rate in 2014 and 2015 in the world after China, according to the latest report of the Latin Focus Consensus Forecast, a major source of global economic analysis.

The report noted Peru’s Gross Domestic product would expand 5.4 this year and by 5.6 percent in 2015 while China would grow 7.5 and 7.4 percent this and next year, respectively.

Moreover, Peru’s economic activity is forecast to surpass the average annual growth rates of the two economic blocs in the region: the Southern Common Market (Mercosur) which will expand 1.7 and 2.2 percent in 2014 and 2015, respectively and the Andean Community (CAN) with 4.8 and 4.9 percent growth this and next year.

Economists of the consulting firm estimate the Andean country will post the third lowest inflation rate in the region this and next year at 2.5 percent within the central bank’s target of 1-3 percent.

Peru’s rapid GDP growth will only be topped by China.

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