French company specializing in export credit insurance, Coface, highlighted the favorable outlook for the Peruvian economy in the medium-term and its fiscal soundness among Latin American nations.
"Productive activity in Peru is expected to repeat last year’s growth trend, based on a partial progress in the mining sector," it estimated.
In addition, despite low international metal prices, this sector has not benefited from significant investment in recent years yet.
The report named “Latin America - Growth Picking Up For Pacific Countries” identifies Peru as one of the 10 new emerging markets, and analysts see great possibilities for the country’s future.
The report also focuses, in a special section, on the major segment of the Peruvian economy: mining.
Coface noted Peru, Mexico, Chile and Colombia are on one side of Latin America defending free trade and free markets.
“On the other side, in the countries bordering the Atlantic, state-run models play significant roles in the economy,” it added.
(END) NDP/MDV/RMB/MVB
Published: 2/3/2015