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/