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13 - 19 August
2016
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From
the CEO OF EMIS
Some emerging markets tend to glide beneath the radar in terms of attention despite strong evidence of their progress in recent times. A good example of an understated rising star is Peru. A country of 30 million people with a GDP the size of Romania, Peru has consistently been posting far better economic growth than its more talked about neighbours in the Latin American region.
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This has not gone completely unnoticed with banks like JP Morgan Chase pushing investors in the direction of the country’s bonds. The World Bank has also complimented Peruvian administrations for sound macroeconomic policies and their clever navigation of the global financial crisis.
Peru relies heavily on exports of gold and copper and, as such, is exposed to the peaks and troughs of the commodities cycle. Despite this, the country is experiencing growth of around 4% this year with a similar level expected in 2017. The country appears to be taking advantage of the opportunities presented by its geographical position. Peru may appear remote and exotic but it benefits from direct and accessible trade routes with China to the east, Brazil to the west and the US to the north. The country has also largely avoided the political pitfalls of other countries in the regions and recently elected President Kuczynski inherits an economy with low public debt and room to invest in much need infrastructure improvements.
I have spoken in the past of the danger of developing countries’ over-reliance on natural resources for growth. Peru seems to have found a path to sustainable growth that other commodity-based economies should study.
Guy Dunn
Chief Executive Officer.
P.S. Below are some Peru-related articles from the EMIS platform .
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Infographic
of the week
The Hungarian agricultural sector is relatively small, accounting in 2015 for only 1.9% of the agricultural output of the European Union. The country was the sixth largest producer of industrial crops in the EU that year. The sector contributed almost 3% to Hungary’s nominal GDP in 2015.
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EMIS
Insights and reports
Here
are two of our own exclusive industry insights from EMIS' team of
highly experienced, locally-based analysts. EMIS Insights deliver the
most relevant industry news, data and research from over 25 sectors in
21 countries.
TURKEY MINING: B IS FOR
BORON
Turkey ranks 28th in global mining production and is 10th in the world in terms of variety of underground resources. The country possesses 2.5% of global industrial mineral reserves and 0.4% of world's metallic mineral reserves.
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BRAZIL ELECTRIC POWER: RIDING THE GREEN WAVE
Brazil is the world’s leader in renewable energy power generation. Notably, at the end of 2015, renewable energy sources accounted for 70.4% of the installed capacity and for 75.9% of the power
generation in the country.
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Weekly
News summary
Below
are the most read articles in the past week on EMIS
Perspectives, our daily blog of
emerging market news and insights.
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