BUSINESS CLIMATE IN LATIN AMERICA ROSE TO IT`S HIGHEST LEVEL IN 18 CONSECUTIVE MONTHS..!

according to the indicator released today by a private economic research center named, Getulio Vargas Foundation (FGV) of Brazil and the University of Munich.

The economic sentiment indicator called Latin America in January stood at 5.5 points above last October's 5.2 points and 5.0 points in January 2012, according to the quarterly survey conducted by the two institutions between 138 specialists from 18 countries.

The indicator was not as high measured from 5.6 points in July 2011, before it fell to 4.4 points in October 2011 as a result of the worsening of the international economic crisis.

Good expectation
According to the study, the business climate rose between October 2012 and January this year, mainly driven by the expectation that the situation will improve, since the evaluation of the current situation deteriorated slightly.

While the indicator called Outlook, which assesses specialists projections for the next six months, up from 5.3 points in October to 6.0 points in January, the Current Situation Indicator, which assesses the situation, down from 5.1 points 4.9 points over the same period.

Although the business climate improved in general in Latin America, in some countries the situation deteriorated * between October last year and January 2013, mainly in Venezuela, where the rate fell from 3.4 to 1.5 points; Ecuador, which fell from 5.0 to 4.0 points, and Bolivia, with a drop of 6.0 to 5.4 points.

In Brazil, the largest regional economy, the Economic Climate Index fell slightly in October from 6.1 points to 5.9 points in January.

Paraguay and Peru last month shared the best rated country status for business, with 7.0 points, followed by Chile (6.6), Uruguay (6.3), Brazil (5.9), Mexico (5.7), Bolivia (5.4), Colombia ( 5.3) and Argentina (5.2).

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PERU`S COSUMER CONFIDENCE AT HIGH ON ECONOMIC PERFORMANCE

Lima, (ANDINA). The manager of Economic Studies of Peru’s Central Reserve Bank (BCR) highlighted the Peruvian consumer and business confidence have remained upbeat during January this year, thus anticipating a further hiring to the next three months.

Photo: ANDINA/Difusión

According to the data collected by Ipsos Apoyo, he pointed to that the consumer confidence index, which reflects the family's financial situation, remains optimistic expectation after standing at 66 points from 67 points in December last year for the upbeat view of job market. 

The survey, carried out on January 13, also shows that the expectation of recruited staff remain steady on the part of companies as it stood at 59 points, thus increasing demand for workers in the short term.

BCR’s top official pointed out that the expectation of the economy within three months remains in the stretch optimistic, and in this case the expectation was raised from 64 to 67 points in the analysis period.

It is worth stressing that Peru’s Ministry of Economy and Finance forecasted the country’s economy would have grown 6.9 percent in January.

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PRESIDENT OF THE WORLD BANK PRAISES PERUVIAN ECONOMY FOR TRANSCENDING THEIR OWN BORDERS

World Bank President Jim Yong Kim said yesterday a meeting with the ambassador of Peru in the United States, Harold Forsyth, at the headquarters of the international financial organization with the purpose of reviewing the agenda of cooperation between Peru and the Bank.

Jim Yong Kim World Bank President & H. Forsyth Peruvian Embassador in Washington DC.

"The president of Peru, Ollanta Humala, is conducting a success story that transcends beyond their own borders and enjoying a well-deserved international recognition," said Kim, who was accompanied by Hasan Tuluy, vice president for Latin America and the Caribbean region, and Susan Goldmark, director for Peru, Bolivia, Chile, Ecuador and Venezuela Bank.

Kim was pleased with the choice of Peru to host the annual meeting of the International Monetary Fund (IMF) and World Bank (WB) in 2015, one of the most significant events on the world because it brings together the major economies the planet and has the same importance as the APEC forum.

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PERUVIAN GASTRONOMY TO FOSTER TOP CLASS RESTAURANTS IN THE WORLD`S LEADING COUNTRIES

Berlin, Feb. 05 (ANDINA). Peru’s Ministry of Foreign Trade and Tourism (Mincetur) will announce in the coming days a series of actions to foster alliances between agro-exporting and gastronomy entrepreneurs, and thus having a greater presence of first-class Peruvian restaurants in the world’s major countries.

BERLIN, GERMANY - FEBRUARY 04. Peru's Minister of Foreign Trade and Tourism at the Expo Peru Germany. Photo: ANDINA/PromPerú

This announcement was made by the head of the sector, José Luis Silva, during a breakfast that Mincetur through PromPeru offered to agro-exporters as part of the starting activities of the Expo Peru Germany which is taking place in Berlin.

He said this work will be encouraged jointly with the Peruvian Society of Gastronomy (Apega) and other institutions which promote the country’s cuisine.

"It will be important for you to join this process as you will be the suppliers of those upscale restaurants," Silva said while addressing the businessmen who traveled from Peru to participate in this event.

Thus, Silva stressed that Mincetur will make a much greater effort to increase, in the main countries of the world, the presence of first-class Peruvian restaurants 

The Expo Peru Germany will keep with its ongoing activities of promoting investments to the country on Tuesday and Wednesday in Berlin, and Thursday in Hamburg.

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