The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Peru stocks trade as a rare commodity

Benefits from improving commodities strength, Fastest growing economy in Latin America

As economies around the world try to recover from the international financial crisis, global investors are starting to regain their appetites for investments abroad. Emerging markets are bouncing back and Peru is leading the way. The Lima general index has been the world’s best-performing stock market this year, having surged 107.1% in US dollar terms by the end of July.

Holding on to its position as one of the best-managed and fastest-growing Latin American economies, Peru has weathered the global financial crisis much better than most countries in the region and worldwide. In contrast with global trends, Peru is not expected to post a contraction in GDP this year but rather to continue growing at a relatively strong 3.5%, an economic expansion that few countries can match.

On July 21, Goldman Sachs Global Investment Research forecast that in 2009 and 2010 Peru would post the “strongest real GDP growth in the region”, although still a departure from its breakneck growth of 9.9% in 2008. With an average inflation rate of 2%, the lowest in Latin America, strong macroeconomic fundamentals, business-friendly government policies, and a recent decline in fiscal and external weaknesses, the Peruvian market offers diversification and attractive investment-grade opportunities for investors.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree