South America

Latin America Report
5:35 pm
Tue July 1, 2014

Power To Peru: The (Quiet) Latin American Boom That's Making South Florida Swoon

IN THE SUN: Apparel from Peru's Escudo line on the runway at Miami Fashion Week in May.
Credit Miami Fashion Week

Peru is the loudest Latin American boom you’ve probably never heard – but should.

These are the kind of macroeconomic data that made the world swoon over Brazil in the 2000s:

Ÿ● Peru’s economy has grown an average of almost 7 percent the past four years. Wall Street expects equally robust growth for the next five years.

Ÿ● Wall Street also ranks Peru No. 2, behind only South Korea, when it comes to resisting external shocks to its economy.

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