Updated at 10.14.2011
The Peruvian economy has been showing excellent performance over the last decade. The GDP reached 9.8% growth rate in 2008, placing Peru among the countries with the largest growth for the period after 8 years of sustained growth. In 2009, when most of the world's economies shrank as a result of the international crisis, Peru managed to record a 1% growth. In 2010, the GDP reached a growth rate of 8.8%.
The favorable outlook for Peru remains unchanged for upcoming years, based mainly on announcements of significant investment project execution, aside from high expectations in domestic consumption. The Ministry of Finance and Economy estimates that the Peruvian economy will grow 6.5% in 2011. This will be enhanced by the confidence generated in economic agents, based on the serious and responsible handling that successive finance authorities have maintained, regardless of the political affiliation of the administration in office.
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