Courtesy of the Financial Times, a report on Peru’s economy: In less than 24 hours Peru’s economy – once feted as Latin America’s star and now struggling with a slowdown – suffered two blows. First, on Sunday evening, the surprising loss of its respected finance minister, Luis Miguel Castilla. Then, on Monday morning, the announcement […]
Read more »Via The Economist, a report on Colombia’s continued economic growth which has now overtaken Peru to become the region’s fastest-growing large economy: AS HE prepared to begin a second term as Colombia’s president on August 7th, the first name that Juan Manuel Santos inked in for his cabinet was Mauricio Cardenas, who keeps his job […]
Read more »Via the New York Times, a look at Peru’s slowing economy: From his office window, Henrik Kristensen, the chief executive of the company that runs Peru’s main port, can still look out at rows of newly arrived, shiny Kia automobiles from South Korea and shipping containers stacked four high, full of imported items like television […]
Read more »Via The Economist, an interesting article on Peru’s economic growth: WALK down Calle Gamarra in Lima’s La Victoria district and you might imagine you are in Kowloon. For a dozen blocks, Gamarra and its side streets are packed with multitudes and lined by high-rise buildings, the older ones of rough and ready brick, the newer […]
Read more »Courtesy of The Financial Times, an interesting article on the emergence of a middle class in Peru: As Chinese-made motorcycle-taxis try to avoid minivans on the chaotic and dusty outskirts of Peru’s capital, Lima, a glossy and incongruent structure rises amid the street stalls and shanties: a new shopping mall. “Soon, everything will be possible […]
Read more »Courtesy of The Financial Times, a look at the economic development of Peru and Colombia: How would South America’s economies fare if commodities suddenly collapsed? Probably not very well. Indeed, that is why many investors still view the region as a cyclical play on world, and especially Asian, growth. Yet over the past two decade […]
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