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Moody's confirms Peru as one of South America's strongest economy

Saturday, July 5th 2014 - 09:32 UTC
Full article 15 comments

Peru's sustained macroeconomic performance has been recognized through the recently announced upgrade to A3 of its sovereign debt by Moody’s Investors Service. According to the credit rating agency, Peru' government debt was lifted two notches to A3 from Baa2, with a stable outlook for the economy. Read full article

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  • ilsen

    So why is Peru succeeding whilst Argentina and Venezuela are failing?

    Jul 05th, 2014 - 03:52 pm - Link - Report abuse 0
  • The_TroLLing_Stone

    Venezuela is not failing, it is just going through a turbulent social period. Eventually it will rebound because it has ample resources.

    Argentina is “failing” (your word) because it no longer has resources and because it already SUCCEEDED as a country. Countries rise and fall they don't stay wealthy or powerful forever.

    Jul 06th, 2014 - 03:48 am - Link - Report abuse 0
  • ilsen

    'a turbulent social period' !!!!!!!

    Really?
    Last year
    24000 violent deaths
    16000 kidnappings
    Inflation at 73%
    A President that has to rule by Decree (almost a dictatorship),
    4 different currency exchange rates (3 of them legal).

    Much, much worse than Iraq. Will you blame Tony Blair and George Bush for this also?

    'Eventually it will rebound because it has ample resources'?????

    You are a complete fuckin idiot aren't you. Maduro and the Boligarchs have already mortgaged the next 25 years of oil production to China and the money is already missing.
    The Boli-bullshitters have sold out a whole generation.
    I wonder how they feel about your theory?

    Re: Argentina. Are you saying that you are content that it is ok for Argentine to fail again?
    Also your theory is utter rubbish. Great Britain, in comparison to just about any other nation, has been powerful, progressive and successful for, oh, about 400 years now.

    How you doin' ?

    Jul 06th, 2014 - 11:15 am - Link - Report abuse 0
  • Porto Margaret

    # 3

    Ouch! TTS now thats got to hurt.

    Well done Peru, making the right choices.

    Jul 06th, 2014 - 11:23 am - Link - Report abuse 0
  • ilsen

    TTS likes to bang on about Iraq as a distraction. I am now calling him out. He won't face the reality of what is happening in his own backyard.

    More people were killed in Venezuela last year than in any other 'peaceful' country in the world. They are not even in a state of war. Oh no, according to MADuro they all live in a Socialist Paradise.

    Glad to see Peru pulling itself up. Maybe there is hope yet.

    Jul 06th, 2014 - 11:53 am - Link - Report abuse 0
  • The_TroLLing_Stone

    @3

    I accept the fact Argentina is never going to be economy prosperous again.

    And as for the UK, so what? Some countries last longer than others in their zenith, but eventually all decine and btw the UK today is according to a repor only 12% as powerful as it was in 1900.

    So yes, that is a huge decline already whether you accept it or not is irrelevant.

    Jul 06th, 2014 - 01:39 pm - Link - Report abuse 0
  • ilsen

    Unlike you I don't accept that Argentina will never be successful again. It has all the key ingredients. Unfortunately it has corrupt politicians exploiting the population.
    Unfortunately crybabies like you, who simply accept this, are only making the situation worse.
    I would like to see Argentina as successful as Peru or Chile.

    Your logic flawed. You say Venezuela will recover but Argentina won't. Both have ample resources, which you say is the only requirement.

    You also obviously no almost nothing about Venezuela. Do you still think it is just experiencing a 'turbulent social period'?
    It has been about 24 hours since I posted #1 comment. So approximately another 60 Venezuelans will have suffered some form of violent death.

    So we can't ask them, can we?

    Why aren't you angry about this?

    Jul 06th, 2014 - 02:27 pm - Link - Report abuse 0
  • Leiard

    off topic I know but worth reading.

    “Why I Left Venezuela — For Good”

    http://www.businessinsider.com/why-i-left-venezuela-2014-7

    Jul 06th, 2014 - 08:58 pm - Link - Report abuse 0
  • ilsen

    @8
    Yes, very good article. However, the Venezuelan Government seems to have stopped issuing passports, or only to those with the 'right' political connections. The author was lucky to get his family out when he did.
    Millions more are desperate to get out too.

    It has come as a bit of a shock for some Venezuelans to be envious of Peru, and they are in despair of how far Venezuela has fallen.

    That is not to detract from how well Peru is doing. Well Done to them!

    Jul 06th, 2014 - 09:22 pm - Link - Report abuse 0
  • Anglotino

    Nostrils

    Relative decline = UK.
    Absolute decline = Argentina.

    If you were intelligent you'd be able to differentiate between the two.

    But you aren't and can't.

    Jul 06th, 2014 - 11:40 pm - Link - Report abuse 0
  • DonMateo

    Its because Peru has a vibrant mining industry and they allow companies to actually make money. I worked on a mining project in Peru in 97 and Peru then was a bit like Argentina now. But with some good decisions and some big mining projects and their GDP is up 30%, poverty had dropped.
    If only that could happen in Argetina.

    Jul 07th, 2014 - 11:36 am - Link - Report abuse 0
  • Condorito

    @10
    Quite correct.
    I would also add that the UK (and other European powers) decline has been a decline in influence through loss of empire. Throughout this decline the well being of the population has increased. The average citizen today owns his own house, has the economic freedom to participate in an advanced economy, has access to free health care and some of the best universities in the world.
    ...
    In regards to this story about Peru: still a poor country but going in the right direction. The energy in Lima is palpable. 10 year of solid growth and more to come. I would like to see them continue but they do have more challenges to face than Chile did at a similar stage - namely political volatility and official corruption.

    Despite the frictions we have with Peru around the Bolivian matter, I love Peru, it is an amazing country so diverse and fascinating.

    Jul 07th, 2014 - 01:10 pm - Link - Report abuse 0
  • The_TroLLing_Stone

    @11

    An economic system like the one in Chile, Peru, Mexico, Colombia, Panama, Costa Rica, El Salvador, Paraguay and to some extent Brazil and Uruguay is never again returning to Argentina.

    Capitalism is dead. And it's the fault of the capitalist for taken advantage of us when they had the chance to really invest they sacked the country instead.

    Jul 07th, 2014 - 05:15 pm - Link - Report abuse 0
  • Condorito

    @13 Toby
    Perhaps you haven't been to Argentina for a while, so it falls on me to inform you that the country's economy is to all intents and purposes capitalist.

    There are private banks that lend money (at Zimbabwean rates) to private businesses that sell goods and services to other private businesses and individuals. The state's ownership in the economy is less than in many European countries.

    The reason the cylinders are not firing properly is that investment has been driven of by the idiocy and kleptomaniacal practices of the political class.

    A broken down car is still a car.

    Jul 07th, 2014 - 06:19 pm - Link - Report abuse 0
  • ilsen

    @13
    Oh Argentina the victim? sounds familiar.......
    Why don't you stand up? Accept responsibility for past mistakes, work hard, and embrace the future?
    Or live on your knees, blaming everyone else and still trying the 'viveza criolla' attitude that led to your ruin?
    Your life, your future.
    The Argentines and their politicians are to blame.

    Peru was once a colony, and didn't 'benefit' from a massive influx of European immigration and investment. Like Argentina, like Canada.
    I ask you, why the difference in outcomes? Why are Argentina and Canada so different?

    At least Peru is trying to improve the lives of its people, it never had the advantages of Argentina or Canada, and still it is suceeding!

    Time to face reality.

    Tick Tock!

    Jul 07th, 2014 - 08:36 pm - Link - Report abuse 0

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