Phoenix Minerals S.A.C. - Phoenix Minerals SAC, Group of Companies

...international agencies forecast that Peru will continue to grow at a fast pace in 2009. As can be seen in the table below, the IMF recently increased the growth estimate for Peru in 2009 from 6% in April to 7% in October. Last week, Morgan Stanley (MS) published a less rosy picture, and in my view a more realistic one. MS estimates that Latin America would grow at half the rate estimated by the IMF: 1.5% versus 3.1 %. In what the IMF and MS agree is that in 2009, Peru will be the fastest growing economy in the region. In MS’s calculations, Peru would grow at 4%; still more than double the rate of growth of any of the other large economies of the region.

Posted Nov 11, 2008  by Ricard Lago http://www.rgemonitor.com/

Peru’s growth is more robust, inflation is lower, savings rates are stronger and internal consumption is growing faster than in other emerging markets

Recent economic trends drive home that global investors would do well to look more broadly at emerging market opportunities.

“Investors seeking growth and alternatives to uncertain developed economies, and potentially overheated developing ones, should to consider Peru, as well as other Latin American markets,” said Alfredo Sillau of Compass Group, an independent investment advisor focused on Latin America.

“Peru is a growth story – and it has a very flexible economy.  There’s a trade surplus; inflation is low; the banking system is growing at about 30% year after year, with more room to grow; and there’s high internal demand for malls, ports and retail,” added Carlos Rojas, also of Compass Group.

Posted October 3rd 2008 at www.livinginperu.com