The Americas Economy

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HYATT CENTRIC SAN ISIDRO LIMA Av. Jorge Basadre 367, San Isidro T: (+51) 1 611 1234 sanisidrolima.centric.hyatt.com limct.reservations@hyatt.com Rooms: 254 rooms and suites. Business & Conference Facilities: 9 meeting rooms with high-speed internet and audiovisual equipment, professional support staff and catering services. Health...

 

From the 1970s until the late 1990s, Peru was the standard example of a Latin American failing state. However, almost three decades of unprecedented economic growth, partly driven by high commodity prices and prudent macroeconomic and financial policies, have turned Peru into one of South America’s prime travel and tourism destinations. This...

 

ETIQUETTE: Given Peru’s rich historical and ethnic heritage, its culture is diverse and varies from region to region. Peruvians are generally polite and friendly, and strong friendships often go a long way in opening doors and securing opportunities in the business world. Standard business attire is the same as in the US or Europe....

 

Across a range of metrics Peru has emerged as one of the best performing economies in Latin America. The country possesses strong fundamentals, combining robust growth, a falling fiscal deficit, rising export revenue and a credit rating second only to that of Chile. Nevertheless, challenges remain in terms of ensuring sustainable development....

 

According to the Central Reserve Bank of Peru, the country’s trade surplus increased further in 2018, to $7.6bn, the highest figure since 2011 and the fourth biggest on record. Though the trade balance was down from $1.9bn to $1.2bn in the first quarter of 2019, economists are still predicting a surplus. According to Guillermo Arbe, head of...

 

As the world’s nations and businesses become increasingly interconnected, so too does the flow of global migration. According to the OECD’s “International Migration Outlook 2018”, in 2017 some 258m people resided in a country other than the one they were born in and more than 5m foreign-born persons were permanently settled in OECD countries....

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