Jaime Perez-Seoane de Zunzunegui: ALL BLOG POSTS
Optimism was a word seldom used to describe emerging economies in 2016, but this looks set to change in 2017 – at least to some extent. In Latin America, a number of the countries that boomed in the 2000s are making clear efforts to return to the right track. One of these, without a doubt, is Peru.
Optimism was a word seldom used to describe emerging economies in 2016, but this looks set to change with the new year – especially in Peru. Indeed, what we might call a cautious optimism was clearly evinced in OBG’s Business Barometer: CEO Survey, conducted in Peru in the last quarter of 2016, in which more than 40 top-tier CEOs shared their sentiment with us. The results of the survey reflect a buoyant, optimistic, proactive sentiment, already a great start to the year, especially in the current international context.
Emerging markets are in for another turbulent year with the strong US dollar and US President Donald J Trump’s “America First” stance both challenging conventional wisdom in trade and macroeconomic policy.
Much to everyone’s surprise, investors have so far responded to the new reality by embracing hope over fear. Trump’s fiscal stimulus of the US economy, it is said, may well end up boosting global demand and growth.