The Americas Economy

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Peru is a major metals and minerals exporter that saw steady growth for most of the 2000s and rapid expansion in 2007 and 2008 on the back of high demand for key exports such as copper. The country avoided negative growth in 2009 despite the worldwide economic slump and reduced commodity prices, and the economy returned to boom conditions in...

The economy of the Bahamas is expected to face another lean year before embarking on a modest recovery and moderate but steady growth, though many of the problems are not of the country's own making.
Though the hurricane season is in its full swing, it is a storm of another kind that many Bahamians are bracing themselves for, with the deepening recession blowing a chill wind across the country's economy.
In defiance to the global downturn, Bahamians are being urged to consider the period of slowed business activity as down time in which to prepare for the next growth cycle.
Prime Minister Hubert Ingraham's government has promised to ramp up spending to help keep the economy moving following a recent decision by international ratings agency Standard and Poor's (S&P) to downgrade its outlook for the Bahamas.
The Bahamas government is looking at a mix of caution and capital expenditure to mitigate the effects of the global financial crisis on the island nation's economy, though some opposition and business leaders have called for more extensive relief to assist the private sector and the disadvantaged in the community.

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