Over the course of the past decade Peru has recorded impressive economic growth, posting rates in excess of 6% from 2010-12. Though the pace of growth is estimated to slow to between 5.2% and 5.4% in 2013, mainly due to external shocks, observers are cautiously optimistic about Peru’s prospects for continued economic development. While the mining and hydrocarbons sectors continue to account for...
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Chapter | Country Profile from The Report: Peru 2014
Once known as a country blighted by economic and social upheaval, Peru has now experienced more than two decades of progress. Political and economic reforms implemented in the 1990s and reinforced in the 2000s have resulted in stability and a generally liberalised economy. The fourth-most-populous country in Latin America, Peru enjoys a rich heritage shaped by both Amerindian and Hispanic...
Although external commodity price shocks and the declining value of the rupiah are the macro-economic trends dominating headlines about the Indonesian economy, some foreign investors still view labour policy and rising wages as greater challenges.
Chapter | Table of Contents. from The Report: Philippines 2014
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For those interested in doing business in the Philippines, The Guide offers helpful information, including suggested hotels, phone numbers for key contacts, and facts for visitors. This section also contains a sights and sounds feature on the island province of Coron, a premier destination for tourists.
While other countries in the region may have been taking the spotlight as top performers, the Philippines has been recording steady and continuous growth. Indeed, the country has not had a serious annual drop in GDP since 1985. Going forward, expectations are positive. While the IMF has been reducing growth forecasts in the region, the organisation’s 2014 prediction for the Philippines is staying...