Back

Andean Group - November 2008 (ISSN 1741-4466)

ECONOMIC OVERVIEW

Luis Valdivieso, the economy and finance minister, expects GDP growth this year to be 9% and to continue at 7% in 2009. He said that a 35% drop in metal prices this year would only cut the government's revenues by 2% and growth by 1%.
The growth rate for the first eight months was 9.9%. This means that the country has now had 86 consecutive months of growth. This is the longest boom in the country's history. Imports are increasing at a 25% annual rate while exports are rising at about 14% a year.

End of preview - This article contains approximately 371 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.