Jun
19
Peru: Looking good
Junho 19, 2009 |
First, you may not know that Peru — not Brazil, not India, and not China — was the fastest-growing economy in the world, in 2007 and 2008, with 9% GDP growth. It’s expected to remain the fastest-growing economy in all of Latin America this year as well, with an official forecast of 3.5% GDP growth.
Second, you may not know that Peru is a major exporter of valuable commodities such as copper, gold, silver, zinc, and phosphate, which should see prices rebound this year as consumption growth resumes in the major emerging markets.
Third, you may not know that Peru recently signed a free trade agreement with China that will further accelerate its economic development.
And fourth, you may not know that Peru is on the verge of completing the IIRSA highway that will link Peru’s Pacific coast with the Atlantic coast (and population centers) of Brazil. This will turn Peru into a crossroads for trade between Brazil and China — two of the world’s biggest emerging trading partners.
**extracted from Motley Fool