After a difficult 2015, marked by lower commodity prices and reduced export revenues, Peru is on track to begin economic recovery in 2016, with increased mineral output set to drive much of its rebound. The IMF forecasts growth to rise to 3.3% in 2016, up from an estimated 2.5% in 2015.
As smartphones become more commonplace in Indonesia, apps are enjoying a surge in popularity, suggesting that e-commerce – for both goods and services – is filling market voids and strengthening its economic foothold.
ETIQUETTE: Given Peru’s rich historical and ethnic heritage, its culture is diverse and varies slightly 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...
Home to 25,000 plant species, 2000 species of fish, more than 500 mammals and 500 amphibians, Peru is considered among the 12 most biodiverse countries in the world. With a total of 158 protected areas that cover over 22m ha – approximately 17% of the country’s land mass, Peru has enormous potential for boosting growth in eco-tourism. This...
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Efforts to promote agricultural self-sufficiency in Papua New Guinea saw a setback in 2015, with droughts and supply chain disruptions impeding sector growth.
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