Jaime Perez-Seoane de Zunzunegui: ALL BLOG POSTS
Although Peru is still facing the repercussions of recent corruption scandals, and as many as 71% of
interviewed C-suite executives view the government’s efforts to combat the issue as unsuccessful or very unsuccessful, the country’s economic prospects are still promising. Some 84% of CEOs said that they had positive or very positive expectations of local business conditions in the coming 12 months. Additionally, 71% of respondents rated the ease of access to credit as easy or very easy, further depicting a supportive and fruitful business environment that is conducive to expansion and growth.
In early June the Central Reserve Bank of Peru (Banco Central de Reservas del Perú, BCRP) revised its 2019 growth projections for the local economy, forecasting GDP to expand by 4.2% next year, up from its March prediction of 4%. The institution maintained its projection of 4% for 2018.