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 Gulf Cooperation Council’s (GCC) warm reception of Jordan’s membership application to join the wealthy six-member bloc could have a positive impact on the kingdom’s economy.
Jordan has begun ramping up efforts to increase foreign investment into the kingdom and is looking farther afield than usual to do it. With the IMF revising down its economic growth projection for the Middle East and North Africa (MENA) region from 4.6% in January to 4.1% on April 11, Jordan has held meetings with business leaders from the US, Russia, China and even Azerbaijan in the last month to encourage investment. The IMF also predicted that Jordan’s economic growth this year would be 3.3%, down from its October 2010 estimate of 4.2%.
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