Peru Real Estate Report 2018
Headwinds from the scrapping of the Trans-Pacific Partnership deal, higher U.S interest rates and primary sector woes have resultedin a revision of GDP growth over 2018 to 3.9% from 4.3% in our previous analysis. Constructions delays to key development projectsthreaten to trip economic growth further, which includes the significant USD7.0bn gas pipeline in Southern Peru as a result of thecorruption scandal that has embroiled disgraced construction company Odebracht and President Kuczynski. Nonetheless, thecountry is anticipated to remain the outperformer in terms of annual growth out of the major Latin America economies for 2018,boding well for commercial real estate.
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