Peru Projected as Quickest Growing Economy South America

Peru Projected as Quickest Growing Economy South America
Wednesday April 26, 2017
1,189 Views
Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInPin on Pinterest

The World Bank projected Peru as the quickest growing economy in South America in a recent study. The study, released on April 18th, predicted that Peru´s GDP will experience a 3.7% growth in the year 2017.

While this number is strong, Peru was originally predicted to a growth of 4.3% and 4.2% over the next two years. However, this number was lowered due to the unexpected floods that recently devastated the country´s northern coast.

Compared to its other South American counterparts, Peru´s economy is still looking strong. Other countries were only registering growth with numbers like 3%, in the case of Argentina and even as low as -3.1%, in the case of Venezuela.

The only other country with a similarly high growth in GDP predicted was Bolivia.

Peru´s economy has been strengthened as a result of its growing popularity as a top tourist destination and its increased international relationships.

Leave a Reply

Your email address will not be published. Required fields are marked *

© Travel News – Dos Manos Peru, . All Rights Reserved