Peru stood at the forefront of Latin America's business confidence as at May 2017, Deputy Economy Minister Claudia Cooper informed.
In this sense, the Andean country's business confidence
is on the optimistic trend with over 60 points.
Regionally speaking, the Inca nation leads this ranking among its South American counterparts, thus surpassing Brazil, Chile, Colombia and Mexico.
"This [positive result] is because Peru continues to rely on a sound economy, both in the financial and macroeconomic spheres," Cooper expressed.
Likewise, expectations concerning Peruvian economy —for the next 3 and 12 months— showed a slightly recovery.
Said upward trend was boosted by gradual signs of recovery and expansionary measures implemented by the government.
Within this framework, Cooper noted the Odebrecht corruption case had affected private investments and, above all, business confidence.
Furthermore, she noted, "Coastal El Niño" phenomenon had negative impacts on the Peruvian economy.