Peru: South America’s boom economy
Source: Heavy Lift & Project Forwarding International, March/April 2010 Issue – Peru has been the Latin American economy least affected by the fallout from the global crisis, based on figures for economic growth and foreign investment. While the economy grew by 0.8 percent last year, compared with a regional average of -1.8 percent, foreign direct investment was up 28.1 percent, compared with a regional decline of 40.7 percent.
The country has perhaps the most diversified of the region’s economies, and offers foreign mining companies arguably the most stable and attractive environment for investment in Latin America, and, as a result, Peru saw foreign direct investment (FDI) increase from USD4.8 billion to USD6.2 billion in 2009.
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