Economic Overview & Business Opportunities
Establishing a company to do business in Peru is very often one of the major hurdles a foreigner faces when relocating here. Foreign investors can find a large variety of companies that can be established in Peru. There are many kinds of limited liability companies, i.e., shareholders are liable up to the money they have contributed to the company’s share capital.
While markets welcomed the outcome of the presidential election, Kuczynski’s economic policy agenda is likely to face challenges in the legislature, causing some uncertainty, at least in the short term. Certain economist see the economy rising 3.6% this year. Next year, they expects GDP growth to accelerate to 4.1%.
In May, the trade balance recorded a USD 65.3 million surplus, which was a substantial rebound over the USD 361 million deficit recorded in the same month last year and an improvement over the revised USD 18.5 million surplus registered in April.
The Central Bank reported that exports expanded 6.2% annually in May. Healthy shipments of traditional Peruvian goods were behind May’s expansion.
Certain forecast see exports growing 1.9% in 2016. For 2017, the forecast sees overseas sales expanding 9.8%.
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