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 (more…)