Peru displaces Chile as the most stable economy in Latin America

Agencies

After its recent update of the country risk indicators in Latin America and the Caribbean, the Bloomberg agency determined that Peru now has the most solid and stable economy in the region.

Our country closed the fourth quarter of 2021 with a rating of 56.28 points and displaced Chile from the top (52.79 points), despite the fact that in the previous quarter Peru achieved 35.3 points.

It is worth emphasizing that the Bloomberg index measures economic, financial and political sectors in relation to the performance of other developed and emerging countries. Higher scores indicate a lower risk scenario.

The rest of the countries that complete the top 5 stable economies are Colombia (42.05 points), Argentina (40.56) and Panama (32.65).

pulled in politics

Chile’s displacement as regional leader occurred despite the fact that it led the political parameters with 73.96 points –followed by Jamaica with 39.10 points– while Peru barely managed to register 17.71 points, with its agenda marked by the appointment of a fourth cabinet in only six months of the government of Pedro Castillo.

However, the tortilla is turned when Chile and Peru are compared in financial matters.

Here, the country governed by Sebastián Piñera obtained 13.86 points in the Bloomberg financial ranking, while our country reached 80.72 points.

“Peru has the most stable economy in the region, according to Bloomberg, due not to the political situation but to the strength of its public finances and economic policies,” said former Economy Minister Pedro Francke.

path of solidity

After the modifications made by Bloomberg, it is important to remember that at the end of last year the Economic Commission for Latin America and the Caribbean (ECLAC) projected that the Peruvian GDP will reach a growth of 4.4% this year, surpassing South American countries with the that we always compare, such as Colombia (3.8%), Chile (3.2%) and Brazil (2.2%).

Even at the regional level, only Panama (8.2%), the Dominican Republic (5.5%) and El Salvador (4.6%) would surpass us.

Likewise, according to the estimate of the International Monetary Fund (IMF) for the Peruvian economy, despite falling from 4.6% to 2.8%, it still continues to exceed the average for Latin America, as well as Chile (1.9% ) and Brazil (0.3%).