Peru will be positioned as the economy greater growth in Latin America, according to the latest report by FocusEconomics LatinFocus Consensus Forecast. These projections indicate that the country will end the year 3.4% of Gross Domestic Product (GDP), which means that Chile will lose leadership of growth among the countries that make up Pacific Alliance,
By 2020, Peruvian GDP will increase 4.0%, while Chile will only get to 3.2% growth.
Recently, the Minister of Economy and Finance Carlos Oliva announced that the forecast for economic growth it will be reduced from 4.2% to 3.7% due to production delays in April. However, according to the report, consumption costs and credit growth will ease the delay.
Also, Peruvian predictions of Economic Growth they are larger than those registered for Chile. The neighboring country is expected to grow between 3.1% and 3% over the next four years. International volatility will have a negative impact on exports and employment growth.