With broad political support and efforts to improve the licensing process, the mining industry looks set to experience a rebound in 2019. While...
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Since the drop in commodity prices in 2014, Colombia’s economy has been recovering and is set to expand in 2019 and 2020. In May 2018 Colombia was invited to become the 37th member of the OECD, a positive development that should increase the country’s international political and economic prominence in the coming decades. However, challenges to ensuring Colombia’s continued economic progress remain.
Articles & Analysis | Retail in Peru grows on the back of diversified offerings and adjustment to changing demands from The Report: Peru 2019
Driven by the expansion of shopping malls, promotions and discount prices at supermarkets and pharmacies, and a growing middle class, Peru’s retail industry has lead growth in the Latin American market in recent years. According to consulting firm AT Kearney, between 2002 and 2015 Peru’s retail sector transitioned from a burgeoning market to...
Articles & Analysis | Innovation and improved infrastructure revitalises Peruvian manufacturing from The Report: Peru 2019
The industrial sector returned to growth in 2018, with production, exports and investment growing substantially after four years of contraction. Improvements have come largely through the expansion of manufacturing, including the production of a range of higher-value-added products, along with processed fish and agro-industrial goods. While...
Interviews & Viewpoints | Toshiro Hayashi, CEO, Toyota del Perú: Interview from The Report: Peru 2019
Articles & Analysis | Support for small and medium-sized enterprises increasingly recognised as key to sustainable growth from The Report: Peru 2019
Small and medium-sized enterprises (SMEs) are the engines of global economic growth and employment, accounting for an average of 33% of GDP and 45% of the workforce in high-income countries, and over 60% of GDP and 70% of employment in developing economies. In the case of the latter, the rise in the number of SMEs has been crucial to economic...