Once known as a country scarred by economic and social upheaval, Peru has now experienced nearly two decades of economic growth alongside the continued establishment of democratic principles – increasingly so since the turn of the millennium. Buoyed by high commodity prices, the mineral-rich country grew at an average annual rate of 6.2% in the decade to 2014, cementing its status as one of...
The Americas Economy
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Chapter | Country Profile from The Report: Peru 2017
Over the last two decades Peru has been one of the fastest-growing economies in the region. Remarkably resilient to global headwinds, positive GDP growth has continued despite the end of the commodities boom. Yet the growth rate has slowed and the initial impetus of a first wave of structural reforms has faded. The question now is whether the current administration can address problems, implement further reforms and re-accelerate the economy.
Economic update | Colombia busca equilibrar las cuentas públicas a través de rebajas en las tasas de interés
19 Jun 2017
El Banco de la República (BCR) ha rebajado las tasas de interés para impulsar el gasto y las inversiones públicas, aunque la reducción de los ingresos fiscales significa que el gobierno tiene a su disposición menos herramientas para estimular la actividad económica en el corto plazo.
Following a landmark peace agreement and a late-2016 tax reform package, 2017 looks to be a year of significant promise for Colombia. The country has been in recovery since the 2014 collapse in oil prices, which predominantly affected exports, government revenues and the exchange rate. However, with the external sector acting as a shock absorber, the authorities helped ensure that domestic demand was able to pick up some of the slack.
Mientras el gobierno continúa implementando medidas de austeridad este año, la disminución de gasto en infraestructura podrá ser compensado en cierta medida por los 58 mil millones de pesos ($3bn) provenientes de las asociaciones público-privadas (APP) anunciadas en marzo.