Peru's growth to be second highest in Latin America this year

Peru will register the second highest economic growth rate in Latin America this year, the Latin American Consensus Forecast said on Thursday.

The international consultancy estimated that Peru's economy will grow by 4.9 percent in 2010, surpassed only by Brazil, with a 5.5 percent growth rate.

The forecast marks an improvement over the 4.8 percent growth rate the consultancy had previously predicted in a February report.

Peru is also expected to post the lowest inflation rate in the region in 2010 and 2011, with 2.2 percent and 2.5 percent respectively.

The consultancy believed that Peru's economic situation will not change much in 2011, and estimated that its economy will expand by 4.8 percent in that year.

[Source: Xinhua, Lima, 18Mar10]

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