More positive comments concerning Peru & the Economic conditions:
JP Morgan: Peru to lead economic growth in LatAm in 2011 despite global crisis
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Lima, Aug. 12 (ANDINA). Investment bank JP Morgan estimated on Friday that Peru will lead the economic growth in Latin America in 2012 despite the economic crisis in United States and Europe.
Luis Oganes, head for Latin America in the Emerging Markets Research Group at JP Morgan, said that Peru’s GDP is expected to increase 5.5 percent in 2012 due to the context of the international crisis.
“This figure allows us to assure that Peru will lead the economic growth in Latin America next year, compared to other countries,” said Oganes.
The world economy has been affected by budget deficits of several European countries and the United States, as well as by Standard & Poor's downgrade of US's AAA credit rating.
To deal with this situation, Peru’s Minister of Economy and Finance Luis Castilla noted early this week that Peru will closely monitor the international crisis and take the necessary measures.