Peru to post highest growth for 2008 in Latin America, reports IDB
(left) Inter-American Development Bank Headquarters. Photo: IDB
Lima, Aug. 05 (ANDINA).- A research of the Inter-American Development Bank (IDB) reported that Peru’s growth expectations rose from 7.8 to 8.3 percent in 2008, placing Peru as the country with the highest growth rate in the region. This report also indicates that Peru would keep leading the economic growth in Latin America with 7 percent in 2009.
In the last Revelation of Expectations in Latin America (Revela) report of July, IDB pointed out that growth expectations for 2008 also increased in other four countries: Uruguay from 6.03 to 6.8 percent, Bolivia 4.56 to 4.78 percent and slightly in Brazil and Paraguay.
On the other hand, growth expectations in Argentina decreased in Argentina by 0.2 to 7.2 percent, Chile from 4.0 to 3.9 and fell slightly in Mexico to 2.63 percent.
Growth expectations for 2008 remained stable in Colombia (6.11 percent), Costa Rica (4.8 percent), Guatemala (4.0 percent) and Honduras (4.8 percent).
In addition, growth expectations for 2009 rose in Bolivia by 0.4 to 4.96 percent, in Paraguay from