Peru's Gross Domestic Product is set to record a 5.5 percent growth rate in 2014, posting the second highest regional growth after Panama, said the World Bank in a report released Wednesday.
Thus, the growth projection by the multilateral agency on the Andean nation’s economy coincides with the recently-announced International Monetary Fund's (IMF)
forecast.
"They display high exposure to an exogenous tightening of international financial conditions but, at the same time, these countries have low vulnerability, comparatively speaking," the report added.
Likewise, the WB said there is a great deal of heterogeneity in the growth outlook for countries within Latin America and the Caribbean.
"Forecasts for 2014 range from negative 1 percent in Venezuela to near 7 percent in Panama which is followed closely by Peru, other top consistent performer in the region," the report said.
This year's GDP growth forecast for Latin America and Caribbean will be at only 2.3 percent.
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