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GlobalSource Partners' November 2017 base-case forecast for Peru expects global growth above 3.5% and a stronger-than-expected domestic rebound from the El Niño and Odebrecht shocks. It projects 4% growth for 2018, driven by public investment, a recovery in private investment, and rising consumer confidence.
The forecast also sees inflation near 2% and only a slight weakening of the sol in 2018.
A stronger Peruvian economy supports domestic feed and protein demand, but the expected modest sol depreciation makes Peruvian-origin fishmeal slightly cheaper in local terms for export sellers.
globalsourcepartners.comRoberto Abusada, Jose ValderramaNov 16, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
