ECLAC sees Peru’s GDP growing 6% in 2013


Lima's financial center. Photo: ANDINA / Héctor Vinces.

12:04 | Lima, Apr. 26 (ANDINA).

The Economic Commission for Latin America and the Caribbean (ECLAC) has maintained its forecast of Peru’s gross domestic product growth for 2013 at 6 percent in a new report on regional economic trends.
According to its Updated Economic Overview of Latin America and the Caribbean 2012, Peru is projected to have the third highest growth rate in the region, behind Paraguay (10%) and Panama (8.0%).

Peru is expected to be followed by Bolivia, Chile and Nicaragua, which will increase 5.0% in 2013, while Colombia will expand by 4.5% and Uruguay by 3.8%.

Mexico, with expected growth of 3.5% in 2013 and the Central American economies, plus Cuba, Haiti and the Dominican Republic (3.8%) are expected to benefit from a more buoyant United States economy.

The 2013 results are partly due to the expectations of higher growth in Argentina (3.5%) and Brazil (3.0%), thanks to the upturn in agricultural activity and investment (which fell in those countries in 2012).

South American countries, which tend to be more specialized in the production and export of raw materials, will grow on average by 3.5% in 2013, thanks to continued growth in the Asian economies.


Published: 4/26/2013