Latin Focus: Peru would grow twice as Chile

Major investment banks and international financial institutions suggest that this year, Peru would grow at a rate twice that of Chile, according to the latest report of the Latin Focus Consensus Forecast, a major source of global economic analysis.

The fastest growing Peruvian lie in the advancement of productive sectors such as construction and agriculture.

According to experts consulted, Chile would be an expansion of 4% in 2008, as planned from a month ago, while Peru would make a 8.1%, rising well into three tenths expectation that it was in July, according appropriated Diario Financiero.

The gap in expectations for economic growth between the two nations grew this year. While in Peru, projections have been corrected constantly increasing (to date is 1.4 percentage points higher than at the beginning of the year), Chile han ido in freefall decline in 8 tenths between January and August.

Thus, Chile is almost at the end of regional growth, surpassing only Mexico (2.5%) and Ecuador (2.6%).

The report also argued that Argentina suffered a further cut in their estimates of growth of Gross Domestic Product from 6.3% to 6.1% and ratifying the biggest fears about structural problems in the economy of that country.

The investigation was conducted by economists as Citigroup, Credit Suisse Boston, Deutsche Bank, Goldman Sachs, HSBC, JP Morgan, Merrill Lynch and UBS, among others.

 

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