# GlobalSource Partners | The rebound has begun

> 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.

- Date: 2017-11-16 · published 2017-11-16T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/68247-globalsource-partners-the-rebound-has-begun
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

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.

## Read by commodity

- USDPEN: bullish ▲

## Sources

- globalsourcepartners.com: https://www.globalsourcepartners.com/posts/the-rebound-has-begun/teaser

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.